Credicorp Ltd. $BAP Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. reduced its position in shares of Credicorp Ltd. (NYSE:BAP) by 30.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,214 shares of the bank’s stock after selling 15,712 shares during the period. APG Asset Management N.V.’s holdings in Credicorp were worth $9,643,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Aprio Wealth Management LLC boosted its stake in shares of Credicorp by 5.2% in the third quarter. Aprio Wealth Management LLC now owns 1,317 shares of the bank’s stock valued at $351,000 after buying an additional 65 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Credicorp by 2.8% in the third quarter. Handelsbanken Fonder AB now owns 312,916 shares of the bank’s stock valued at $83,323,000 after acquiring an additional 8,621 shares during the period. R Squared Ltd boosted its position in shares of Credicorp by 34.4% during the 3rd quarter. R Squared Ltd now owns 4,485 shares of the bank’s stock worth $1,194,000 after purchasing an additional 1,149 shares in the last quarter. DNB Asset Management AS increased its holdings in shares of Credicorp by 34.7% in the 3rd quarter. DNB Asset Management AS now owns 21,199 shares of the bank’s stock valued at $5,645,000 after purchasing an additional 5,462 shares in the last quarter. Finally, Choreo LLC lifted its stake in shares of Credicorp by 16.3% in the third quarter. Choreo LLC now owns 4,274 shares of the bank’s stock valued at $1,138,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Trading Down 5.6%

Shares of BAP stock opened at $333.01 on Wednesday. The company has a market capitalization of $26.49 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 0.80 and a beta of 0.87. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $330.15 and a 200 day moving average price of $285.94. Credicorp Ltd. has a twelve month low of $165.51 and a twelve month high of $380.20.

Credicorp (NYSE:BAP) last posted its quarterly earnings data 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 firm 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%. Research analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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