Campbell & CO Investment Adviser LLC Sells 3,228 Shares of Credicorp Ltd. $BAP

Key Points

• Campbell & CO Investment Adviser LLC has reduced its stake in Credicorp Ltd. by 30.2% in the first quarter, now holding 7,453 shares valued at approximately $1.39 million.
• Credicorp's stock has been rated as a "Moderate Buy"** by analysts, with a current average price target of $236.80, reflecting positive sentiment from institutional investors.
• In its most recent earnings report, Credicorp exceeded analysts' expectations with earnings of $6.24 per share, while revenue reached $1.58 billion, surpassing estimates of $1.52 billion.

Campbell & CO Investment Adviser LLC reduced its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 30.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 7,453 shares of the bank's stock after selling 3,228 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Credicorp were worth $1,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SVB Wealth LLC purchased a new stake in Credicorp during the first quarter valued at about $35,000. Cullen Frost Bankers Inc. purchased a new stake in Credicorp during the first quarter valued at about $40,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Credicorp during the fourth quarter valued at about $40,000. Farther Finance Advisors LLC lifted its holdings in Credicorp by 2,170.0% during the first quarter. Farther Finance Advisors LLC now owns 227 shares of the bank's stock valued at $44,000 after purchasing an additional 217 shares during the last quarter. Finally, Quarry LP purchased a new stake in Credicorp during the fourth quarter valued at about $47,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Price Performance

Shares of BAP stock traded up $0.56 during trading on Friday, hitting $256.65. The company had a trading volume of 442,590 shares, compared to its average volume of 371,509. 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's 50-day moving average is $236.15 and its two-hundred day moving average is $209.49. The stock has a market capitalization of $20.41 billion, a price-to-earnings ratio of 13.96, a price-to-earnings-growth ratio of 0.71 and a beta of 1.12. Credicorp Ltd. has a 52 week low of $165.51 and a 52 week high of $258.70.

Credicorp (NYSE:BAP - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The bank reported $6.24 earnings per share for the quarter, topping the consensus estimate of $5.73 by $0.51. The company had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.52 billion. Credicorp had a net margin of 20.94% and a return on equity of 16.25%. As a group, analysts predict that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BAP. Wall Street Zen upgraded Credicorp from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. The Goldman Sachs Group upgraded Credicorp from a "sell" rating to a "neutral" rating and upped their price target for the company from $174.00 to $225.00 in a research report on Thursday, July 24th. UBS Group reiterated a "buy" rating on shares of Credicorp in a research report on Monday, June 2nd. Finally, Citigroup upped their price target on Credicorp from $255.00 to $275.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Credicorp currently has a consensus rating of "Moderate Buy" and an average price target of $236.80.

Credicorp Company 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.