Itau Unibanco Holding S.A. trimmed its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 65.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 600,541 shares of the bank's stock after selling 1,116,236 shares during the quarter. Credicorp comprises about 4.0% of Itau Unibanco Holding S.A.'s portfolio, making the stock its 6th biggest position. Itau Unibanco Holding S.A. owned approximately 0.76% of Credicorp worth $107,809,000 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 BAP. Nuveen LLC acquired a new position in shares of Credicorp in the 1st quarter valued at about $77,577,000. Teacher Retirement System of Texas lifted its stake in shares of Credicorp by 811.5% in the 1st quarter. Teacher Retirement System of Texas now owns 229,129 shares of the bank's stock valued at $42,655,000 after purchasing an additional 203,992 shares during the period. Carrhae Capital LLP lifted its stake in shares of Credicorp by 389.0% in the 1st quarter. Carrhae Capital LLP now owns 198,875 shares of the bank's stock valued at $37,023,000 after purchasing an additional 158,206 shares during the period. Bank of Nova Scotia lifted its stake in shares of Credicorp by 21.8% in the 1st quarter. Bank of Nova Scotia now owns 867,347 shares of the bank's stock valued at $161,465,000 after purchasing an additional 155,162 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Credicorp by 54.0% in the 4th quarter. Northern Trust Corp now owns 438,539 shares of the bank's stock valued at $80,393,000 after purchasing an additional 153,810 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.
Credicorp Stock Up 0.2%
BAP stock traded up $0.56 during trading on Friday, reaching $256.65. 442,590 shares of the stock were exchanged, compared to its average volume of 368,794. The firm's 50 day moving average is $236.15 and its 200 day moving average is $209.31. Credicorp Ltd. has a twelve month low of $165.51 and a twelve month high of $258.70. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49. The firm has a market cap of $20.41 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 0.71 and a beta of 1.09.
Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The bank reported $6.24 EPS for the quarter, topping analysts' consensus estimates of $5.73 by $0.51. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.52 billion. Credicorp had a return on equity of 16.25% and a net margin of 20.94%. As a group, research analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on BAP shares. Citigroup boosted their price objective on Credicorp from $255.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. UBS Group reissued a "buy" rating on shares of Credicorp in a research note on Monday, June 2nd. The Goldman Sachs Group raised Credicorp from a "sell" rating to a "neutral" rating and upped their price target for the stock from $174.00 to $225.00 in a research note on Thursday, July 24th. Finally, Wall Street Zen raised Credicorp from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $236.80.
Get Our Latest Stock Report on Credicorp
Credicorp Company Profile
(
Free Report)
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.
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