Credicorp Ltd. $BAP Shares Sold by Citigroup Inc.

Citigroup Inc. lowered its position in shares of Credicorp Ltd. (NYSE:BAP) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 232,630 shares of the bank’s stock after selling 12,650 shares during the quarter. Citigroup Inc. owned 0.29% of Credicorp worth $61,945,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of Credicorp by 42.2% in the 3rd quarter. Principal Financial Group Inc. now owns 291,175 shares of the bank’s stock worth $77,534,000 after purchasing an additional 86,340 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Credicorp by 17.4% during the third quarter. Nordea Investment Management AB now owns 27,953 shares of the bank’s stock worth $7,479,000 after buying an additional 4,140 shares in the last quarter. Summitry LLC bought a new stake in Credicorp during the second quarter worth approximately $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 worth $3,333,000 after buying an additional 2,023 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Credicorp by 25.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 291,237 shares of the bank’s stock valued at $77,551,000 after buying an additional 58,690 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Trading Down 1.8%

Shares of NYSE BAP opened at $343.94 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.63. Credicorp Ltd. has a one year low of $165.51 and a one year high of $380.20. The business has a 50-day moving average price of $322.15 and a two-hundred day moving average price of $281.76. The firm has a market capitalization of $27.36 billion, a PE ratio of 14.15, a PEG ratio of 0.79 and a beta of 0.87.

Credicorp (NYSE:BAP) last issued its earnings results on Tuesday, February 17th. The bank reported $5.88 earnings per share for the quarter, missing analysts’ consensus estimates of $6.61 by ($0.73). The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.77 billion. Credicorp had a net margin of 24.53% and a return on equity of 21.54%. As a group, analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. The Goldman Sachs Group increased their price target on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. boosted 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Credicorp in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $297.60.

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.