Credicorp Ltd. $BAP Holdings Lowered by Brandes Investment Partners LP

Brandes Investment Partners LP lowered its stake in Credicorp Ltd. (NYSE:BAP) by 31.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,299 shares of the bank’s stock after selling 7,153 shares during the quarter. Brandes Investment Partners LP’s holdings in Credicorp were worth $3,420,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Panagora Asset Management Inc. lifted its stake in Credicorp by 42.5% during the second quarter. Panagora Asset Management Inc. now owns 98,778 shares of the bank’s stock valued at $22,079,000 after buying an additional 29,461 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Credicorp by 7.9% during the second quarter. New York State Common Retirement Fund now owns 64,419 shares of the bank’s stock valued at $14,399,000 after acquiring an additional 4,730 shares during the period. West Family Investments Inc. purchased a new stake in shares of Credicorp in the 2nd quarter valued at approximately $257,000. Williamson Legacy Group LLC acquired a new position in Credicorp in the 2nd quarter worth approximately $753,000. Finally, Skandinaviska Enskilda Banken AB publ grew its position in Credicorp by 9.4% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 21,000 shares of the bank’s stock worth $4,694,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

BAP stock opened at $260.75 on Wednesday. The firm has a 50 day moving average of $257.89 and a two-hundred day moving average of $242.90. Credicorp Ltd. has a 12 month low of $165.51 and a 12 month high of $280.88. The company has a market capitalization of $20.74 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 0.65 and a beta of 0.90. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.63.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, November 13th. The bank reported $6.17 earnings per share for the quarter, beating analysts’ consensus estimates of $6.05 by $0.12. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.71 billion. Credicorp had a net margin of 23.59% and a return on equity of 19.50%. As a group, equities analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Zacks Research upgraded Credicorp from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Citigroup upped their price target on Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Hsbc Global Res upgraded Credicorp to a “hold” rating in a research report on Friday, September 5th. Wall Street Zen raised Credicorp from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Finally, HSBC lowered shares of Credicorp from a “buy” rating to a “hold” rating and increased their price target for the stock from $225.00 to $255.00 in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $265.17.

Credicorp Company 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.