Barclays PLC Sells 26,859 Shares of Credicorp Ltd. $BAP

Barclays PLC decreased its position in Credicorp Ltd. (NYSE:BAP) by 14.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,261 shares of the bank’s stock after selling 26,859 shares during the period. Barclays PLC owned about 0.21% of Credicorp worth $44,006,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its stake in shares of Credicorp by 7.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,038,098 shares of the bank’s stock valued at $808,985,000 after purchasing an additional 223,497 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Credicorp by 4.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,650,293 shares of the bank’s stock valued at $368,873,000 after buying an additional 67,249 shares in the last quarter. State Street Corp raised its stake in shares of Credicorp by 1.6% in the 2nd quarter. State Street Corp now owns 1,197,536 shares of the bank’s stock valued at $267,673,000 after buying an additional 19,361 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Credicorp by 2.5% during the 3rd quarter. Pzena Investment Management LLC now owns 1,053,056 shares of the bank’s stock worth $280,408,000 after acquiring an additional 25,339 shares during the period. Finally, Bank of Nova Scotia boosted its position in shares of Credicorp by 17.1% during the 2nd quarter. Bank of Nova Scotia now owns 1,015,409 shares of the bank’s stock valued at $226,964,000 after acquiring an additional 148,062 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Trading Down 0.3%

BAP opened at $329.42 on Tuesday. Credicorp Ltd. has a 1-year low of $165.51 and a 1-year high of $380.20. The stock has a market capitalization of $26.20 billion, a PE ratio of 13.55, a PEG ratio of 0.75 and a beta of 0.88. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $333.63 and a two-hundred day moving average price of $288.27.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Tuesday, February 17th. The bank reported $5.88 EPS for the quarter, missing the consensus estimate of $6.61 by ($0.73). Credicorp had a net margin of 24.53% and a return on equity of 20.43%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.77 billion. As a group, equities analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BAP shares. The Goldman Sachs Group increased their price target on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. lifted their price objective on Credicorp from $242.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Wall Street Zen cut Credicorp from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Zacks Research downgraded Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Credicorp in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Credicorp presently has a consensus rating of “Moderate Buy” and an average price target of $297.60.

About Credicorp

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.