Sarasin & Partners LLP cut its holdings in Credicorp Ltd. (NYSE:BAP) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 330,644 shares of the bank’s stock after selling 3,659 shares during the quarter. Sarasin & Partners LLP owned 0.42% of Credicorp worth $68,585,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of BAP. Eqis Capital Management Inc. lifted its position in shares of Credicorp by 10.0% during the fourth quarter. Eqis Capital Management Inc. now owns 2,442 shares of the bank’s stock worth $506,000 after purchasing an additional 222 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Credicorp by 3.7% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,196 shares of the bank’s stock worth $1,565,000 after purchasing an additional 258 shares during the last quarter. Guardian Capital LP lifted its position in shares of Credicorp by 2.7% during the third quarter. Guardian Capital LP now owns 13,325 shares of the bank’s stock worth $2,732,000 after purchasing an additional 350 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Credicorp by 143.0% during the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock worth $130,000 after purchasing an additional 426 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Credicorp by 2.9% in the fourth quarter. Boston Partners now owns 18,202 shares of the bank’s stock valued at $3,775,000 after acquiring an additional 516 shares in the last quarter. 65.66% of the stock is owned by hedge funds and other institutional investors.
Credicorp Ltd. (NYSE:BAP) traded down $2.79 during trading on Friday, reaching $219.71. The company’s stock had a trading volume of 78,081 shares, compared to its average volume of 225,134. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.04. Credicorp Ltd. has a 1-year low of $150.71 and a 1-year high of $237.99. The stock has a market cap of $17,565.77, a price-to-earnings ratio of 16.01, a PEG ratio of 1.18 and a beta of 0.91.
Several research firms recently weighed in on BAP. ValuEngine upgraded Credicorp from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a report on Monday, January 8th. HSBC downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $225.50.
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Credicorp Company 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.
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