Ariel Investments LLC Sells 33,403 Shares of Credicorp Ltd. $BAP

Ariel Investments LLC decreased its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 18.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,208 shares of the bank’s stock after selling 33,403 shares during the period. Ariel Investments LLC owned approximately 0.19% of Credicorp worth $32,904,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BAP. SVB Wealth LLC acquired a new stake in shares of Credicorp in the 1st quarter worth about $35,000. MAI Capital Management raised its stake in shares of Credicorp by 5,300.0% in the second quarter. MAI Capital Management now owns 162 shares of the bank’s stock worth $36,000 after purchasing an additional 159 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Credicorp by 33.5% in the second quarter. First Horizon Advisors Inc. now owns 283 shares of the bank’s stock worth $63,000 after purchasing an additional 71 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Credicorp in the first quarter valued at approximately $78,000. Finally, Advisors Asset Management Inc. purchased a new position in shares of Credicorp during the first quarter valued at approximately $88,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Stock Performance

NYSE:BAP opened at $275.85 on Wednesday. The company has a market capitalization of $21.94 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.68 and a beta of 0.90. The business has a fifty day simple moving average of $258.53 and a two-hundred day simple moving average of $245.42. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.07. Credicorp Ltd. has a 1 year low of $165.51 and a 1 year high of $280.88.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Thursday, November 13th. The bank reported $6.17 earnings per share (EPS) 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 analysts’ expectations of $1.71 billion. Credicorp had a return on equity of 19.50% and a net margin of 23.59%. On average, analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.