Credicorp Ltd. (BAP) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lessened its stake in Credicorp Ltd. (NYSE:BAP) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,972 shares of the bank’s stock after selling 7,400 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.20% of Credicorp worth $32,524,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its holdings in Credicorp by 0.8% during the second quarter. Jennison Associates LLC now owns 3,424 shares of the bank’s stock worth $614,000 after purchasing an additional 26 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in Credicorp by 0.3% in the second quarter. Commonwealth Bank of Australia now owns 7,895 shares of the bank’s stock valued at $1,415,000 after acquiring an additional 27 shares during the last quarter. Wetherby Asset Management Inc. lifted its stake in Credicorp by 2.7% in the second quarter. Wetherby Asset Management Inc. now owns 2,012 shares of the bank’s stock valued at $361,000 after acquiring an additional 53 shares during the last quarter. Aviva PLC lifted its stake in Credicorp by 2.9% in the second quarter. Aviva PLC now owns 12,429 shares of the bank’s stock valued at $2,229,000 after acquiring an additional 350 shares during the last quarter. Finally, Fred Alger Management Inc. lifted its stake in Credicorp by 11.4% in the second quarter. Fred Alger Management Inc. now owns 4,100 shares of the bank’s stock valued at $735,000 after acquiring an additional 420 shares during the last quarter. Institutional investors own 66.16% of the company’s stock.

A number of analysts have commented on BAP shares. Zacks Investment Research upgraded shares of Credicorp from a “hold” rating to a “buy” rating and set a $234.00 price target for the company in a research note on Friday, November 10th. Goldman Sachs Group reiterated a “buy” rating and issued a $248.00 price target on shares of Credicorp in a research note on Monday, September 11th. UBS set a $219.00 price target on shares of Credicorp and gave the company a “buy” rating in a research note on Tuesday, August 15th. HSBC cut shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, cut shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Credicorp has a consensus rating of “Buy” and a consensus target price of $224.25.

Credicorp Ltd. (BAP) opened at $207.33 on Wednesday. The firm has a market cap of $16,550.00, a PE ratio of 15.20, a PEG ratio of 1.20 and a beta of 0.86. Credicorp Ltd. has a 1 year low of $150.71 and a 1 year high of $215.69. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.22 and a quick ratio of 1.22.

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Credicorp Profile

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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