Credicorp Ltd. $BAP Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lessened its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,514 shares of the bank’s stock after selling 54 shares during the period. Sequoia Financial Advisors LLC’s holdings in Credicorp were worth $338,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SVB Wealth LLC acquired a new stake in Credicorp in the 1st quarter worth about $35,000. Cullen Frost Bankers Inc. acquired a new position in shares of Credicorp in the 1st quarter valued at approximately $40,000. Farther Finance Advisors LLC raised its stake in Credicorp by 2,170.0% during the first quarter. Farther Finance Advisors LLC now owns 227 shares of the bank’s stock valued at $44,000 after buying an additional 217 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Credicorp during the 1st quarter valued at approximately $78,000. Finally, Advisors Asset Management Inc. bought a new position in Credicorp in the 1st quarter worth approximately $88,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Trading Down 0.0%

Shares of NYSE BAP opened at $253.50 on Wednesday. Credicorp Ltd. has a 1-year low of $165.51 and a 1-year high of $280.88. The company has a 50-day moving average of $259.55 and a two-hundred day moving average of $228.78. The company has a market cap of $20.16 billion, a PE ratio of 12.01, a P/E/G ratio of 0.69 and a beta of 1.11. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BAP. Zacks Research upgraded Credicorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Wall Street Zen raised Credicorp from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Hsbc Global Res upgraded shares of Credicorp to a “hold” rating in a research report on Friday, September 5th. UBS Group upped their target price on Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Finally, The Goldman Sachs Group raised shares of Credicorp from a “sell” rating to a “neutral” rating and increased their target price for the stock from $174.00 to $225.00 in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Credicorp currently has an average rating of “Moderate Buy” and an average target price of $250.00.

About Credicorp

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.