Credicorp Ltd. $BAP Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. lowered its position in shares of Credicorp Ltd. (NYSE:BAP) by 3.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,582,745 shares of the bank’s stock after selling 53,976 shares during the quarter. Baillie Gifford & Co. owned about 1.99% of Credicorp worth $421,453,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summitry LLC purchased a new stake in shares of Credicorp during the 2nd quarter valued at about $257,000. Asset Management One Co. Ltd. grew its position in Credicorp by 19.3% in the third quarter. Asset Management One Co. Ltd. now owns 12,516 shares of the bank’s stock valued at $3,333,000 after acquiring an additional 2,023 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Credicorp by 17.4% during the third quarter. Nordea Investment Management AB now owns 27,953 shares of the bank’s stock valued at $7,479,000 after purchasing an additional 4,140 shares during the period. Acadian Asset Management LLC lifted its position in shares of Credicorp by 46.6% during the second quarter. Acadian Asset Management LLC now owns 464,098 shares of the bank’s stock worth $103,698,000 after purchasing an additional 147,573 shares in the last quarter. Finally, Carrhae Capital LLP boosted its stake in shares of Credicorp by 7.5% in the second quarter. Carrhae Capital LLP now owns 213,806 shares of the bank’s stock valued at $47,790,000 after purchasing an additional 14,931 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Trading Up 1.0%

Shares of NYSE BAP opened at $344.05 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average price is $285.17 and its two-hundred day moving average price is $263.63. Credicorp Ltd. has a 52-week low of $165.51 and a 52-week high of $344.50. The stock has a market capitalization of $27.37 billion, a P/E ratio of 15.50, a PEG ratio of 0.76 and a beta of 0.89.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BAP shares. Zacks Research raised shares of Credicorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. boosted their price target on Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. The Goldman Sachs Group raised their price objective on Credicorp from $263.00 to $293.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Wall Street Zen downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Credicorp in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.20.

Credicorp Company Profile

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.