Amundi Has $70.70 Million Holdings in Credicorp Ltd. $BAP

Key Points

• Amundi has reduced its holdings in Credicorp Ltd. by 2.6%, now owning 373,630 shares worth approximately $70.7 million following the sale of 9,974 shares.
• Other institutional investors have also made significant adjustments, with Bank of Nova Scotia increasing its stake in Credicorp by 21.8% during the first quarter.
• Following recent earnings reports, analysts have a mixed outlook on Credicorp, with updated price targets ranging from $225 to $275, reflecting a consensus rating of "Moderate Buy."

Amundi trimmed its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 373,630 shares of the bank's stock after selling 9,974 shares during the quarter. Amundi owned approximately 0.47% of Credicorp worth $70,702,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BAP. Wells Fargo & Company MN boosted its stake in shares of Credicorp by 45.7% during the fourth quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock valued at $127,000 after purchasing an additional 217 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Credicorp by 250.7% during the fourth quarter. Jane Street Group LLC now owns 18,995 shares of the bank's stock valued at $3,482,000 after purchasing an additional 13,579 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Credicorp by 119.4% during the fourth quarter. BNP Paribas Financial Markets now owns 38,510 shares of the bank's stock valued at $7,060,000 after purchasing an additional 20,960 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Credicorp by 4.5% during the fourth quarter. Captrust Financial Advisors now owns 5,339 shares of the bank's stock valued at $979,000 after purchasing an additional 230 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of Credicorp during the fourth quarter valued at about $4,786,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Trading Down 0.1%

BAP traded down $0.25 during trading on Friday, reaching $266.34. 318,591 shares of the stock traded hands, compared to its average volume of 376,988. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $21.18 billion, a PE ratio of 14.48, a P/E/G ratio of 0.74 and a beta of 1.12. The stock's 50-day moving average is $244.12 and its 200 day moving average is $214.58. Credicorp Ltd. has a 12 month low of $165.51 and a 12 month high of $268.48.

Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.51. Credicorp had a return on equity of 18.05% and a net margin of 23.11%.The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.52 billion. Equities analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Hsbc Global Res raised Credicorp to a "hold" rating in a research note on Friday, September 5th. UBS Group reissued a "buy" rating on shares of Credicorp in a research note on Monday, June 2nd. Wall Street Zen upgraded Credicorp from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. HSBC downgraded Credicorp from a "buy" rating to a "hold" rating and raised their price objective for the stock from $225.00 to $255.00 in a research report on Friday, September 5th. Finally, The Goldman Sachs Group upgraded Credicorp from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $174.00 to $225.00 in a research report on Thursday, July 24th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $239.83.

Credicorp Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.