Creative Planning Sells 737 Shares of Credicorp Ltd. $BAP

Creative Planning decreased its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 14.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,276 shares of the bank’s stock after selling 737 shares during the period. Creative Planning’s holdings in Credicorp were worth $956,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in shares of Credicorp by 23.5% in the 2nd quarter. SG Americas Securities LLC now owns 23,914 shares of the bank’s stock valued at $5,345,000 after acquiring an additional 4,545 shares in the last quarter. Candriam S.C.A. increased its position in shares of Credicorp by 29.5% in the second quarter. Candriam S.C.A. now owns 68,360 shares of the bank’s stock worth $15,280,000 after purchasing an additional 15,560 shares during the last quarter. Geode Capital Management LLC raised its stake in Credicorp by 0.6% in the second quarter. Geode Capital Management LLC now owns 518,751 shares of the bank’s stock valued at $114,936,000 after purchasing an additional 3,070 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Credicorp by 53.0% during the second quarter. PNC Financial Services Group Inc. now owns 2,366 shares of the bank’s stock valued at $529,000 after purchasing an additional 820 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in Credicorp by 654.5% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232,547 shares of the bank’s stock worth $51,979,000 after buying an additional 201,724 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Zacks Research raised Credicorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. upped their price objective on Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. UBS Group raised their price objective on Credicorp from $257.00 to $318.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Finally, HSBC downgraded Credicorp from a “buy” rating to a “hold” rating and boosted their target price for the stock from $225.00 to $255.00 in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $265.17.

Credicorp Trading Up 0.5%

Shares of BAP opened at $257.21 on Monday. The stock has a market capitalization of $20.46 billion, a P/E ratio of 12.19, a PEG ratio of 0.71 and a beta of 1.09. 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 firm has a fifty day simple moving average of $258.22 and a two-hundred day simple moving average of $242.19. Credicorp Ltd. has a twelve month low of $165.51 and a twelve month high of $280.88.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Thursday, November 13th. The bank reported $6.17 earnings per share for the quarter, topping the consensus estimate of $6.05 by $0.12. Credicorp had a return on equity of 17.94% and a net margin of 23.22%.The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.71 billion. On average, research analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current year.

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.