Diversified Trust Co. Has $624,000 Stake in Credicorp Ltd. $BAP

Diversified Trust Co. reduced its stake in Credicorp Ltd. (NYSE:BAP) by 68.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,173 shares of the bank’s stock after selling 4,798 shares during the period. Diversified Trust Co.’s holdings in Credicorp were worth $624,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Capital World Investors acquired a new position in Credicorp in the 3rd quarter valued at $434,014,000. Norges Bank acquired a new stake in shares of Credicorp during the 2nd quarter worth $110,945,000. William Blair Investment Management LLC grew its holdings in shares of Credicorp by 71.6% during the 3rd quarter. William Blair Investment Management LLC now owns 820,073 shares of the bank’s stock worth $218,369,000 after purchasing an additional 342,308 shares in the last quarter. Mondrian Investment Partners LTD bought a new position in shares of Credicorp in the third quarter worth $78,211,000. Finally, Invesco Ltd. increased its position in shares of Credicorp by 27.4% in the third quarter. Invesco Ltd. now owns 1,349,408 shares of the bank’s stock worth $359,320,000 after purchasing an additional 290,585 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

BAP has been the subject of several recent analyst reports. Zacks Research cut shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Credicorp in a report on Monday, December 29th. The Goldman Sachs Group boosted their target price on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $297.60.

Credicorp Price Performance

Credicorp stock opened at $322.32 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a 52 week low of $165.51 and a 52 week high of $380.20. The stock has a market capitalization of $25.64 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 0.74 and a beta of 0.87. The stock has a fifty day moving average of $341.85 and a 200-day moving average of $294.92.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. Credicorp had a return on equity of 20.43% and a net margin of 24.53%.The business had revenue of $1.81 billion for the quarter. On average, sell-side analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

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.