TD Private Client Wealth LLC Trims Stake in Credicorp Ltd. $BAP

TD Private Client Wealth LLC reduced its position in Credicorp Ltd. (NYSE:BAP) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 446 shares of the bank’s stock after selling 49 shares during the quarter. TD Private Client Wealth LLC’s holdings in Credicorp were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Cerity Partners LLC boosted its position in shares of Credicorp by 37.1% in the first quarter. Cerity Partners LLC now owns 5,545 shares of the bank’s stock worth $1,032,000 after purchasing an additional 1,500 shares during the period. Inspire Investing LLC bought a new position in shares of Credicorp in the first quarter worth approximately $744,000. GAMMA Investing LLC boosted its position in shares of Credicorp by 27,522.6% in the first quarter. GAMMA Investing LLC now owns 8,563 shares of the bank’s stock worth $1,594,000 after purchasing an additional 8,532 shares during the period. Penserra Capital Management LLC bought a new position in shares of Credicorp in the first quarter worth approximately $122,000. Finally, Asset Management One Co. Ltd. boosted its position in shares of Credicorp by 8.3% in the first quarter. Asset Management One Co. Ltd. now owns 10,876 shares of the bank’s stock worth $2,025,000 after purchasing an additional 837 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BAP shares. The Goldman Sachs Group upgraded shares of Credicorp from a “sell” rating to a “neutral” rating and upped their price target for the stock from $174.00 to $225.00 in a research report on Thursday, July 24th. Wall Street Zen upgraded shares of Credicorp from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. UBS Group upped their target price on shares of Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Hsbc Global Res upgraded shares of Credicorp to a “hold” rating in a research report on Friday, September 5th. Finally, Citigroup upped their target price on shares of Credicorp from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $250.00.

Credicorp Price Performance

BAP stock opened at $267.31 on Tuesday. Credicorp Ltd. has a 52 week low of $165.51 and a 52 week high of $280.88. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.49. The company has a fifty day simple moving average of $253.47 and a two-hundred day simple moving average of $221.45. The firm has a market capitalization of $21.26 billion, a P/E ratio of 12.67, a price-to-earnings-growth ratio of 0.71 and a beta of 1.12.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Thursday, August 14th. The bank reported $6.24 EPS for the quarter, beating the consensus estimate of $5.73 by $0.51. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.52 billion. Analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Credicorp Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.