Credicorp Ltd. $BAP Shares Sold by Aberdeen Group plc

Key Points

• Aberdeen Group plc trimmed its stake in Credicorp (NYSE: BAP) by 9% in Q4, selling 23,115 shares and now holds 233,526 shares (~0.29%) valued at about $67.02 million.
• Credicorp shares trade near $340 with a 52-week range of $165.51–$380.20; the company has a $27.05 billion market cap, a P/E of 13.99, and reported last-quarter EPS of $5.91 with a 24.53% net margin and 20.43% ROE.
• Analysts are mixed — the consensus is a "Moderate Buy" with a $297.60 target (4 Buys, 3 Holds) — and institutional investors own about 89.81% of the stock.

Aberdeen Group plc trimmed its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 9.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,526 shares of the bank's stock after selling 23,115 shares during the quarter. Aberdeen Group plc owned about 0.29% of Credicorp worth $67,022,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. One Wealth Advisors LLC grew its stake in shares of Credicorp by 2.5% in the 3rd quarter. One Wealth Advisors LLC now owns 1,781 shares of the bank's stock valued at $474,000 after buying an additional 43 shares during the period. Blue Trust Inc. increased its holdings in Credicorp by 1.6% in the 3rd quarter. Blue Trust Inc. now owns 2,843 shares of the bank's stock valued at $757,000 after purchasing an additional 45 shares during the last quarter. Fiduciary Trust Co raised its position in Credicorp by 1.8% in the third quarter. Fiduciary Trust Co now owns 2,849 shares of the bank's stock valued at $759,000 after purchasing an additional 50 shares during the period. Rhumbline Advisers raised its position in Credicorp by 0.4% in the third quarter. Rhumbline Advisers now owns 14,412 shares of the bank's stock valued at $3,838,000 after purchasing an additional 59 shares during the period. Finally, Aprio Wealth Management LLC lifted its stake in Credicorp by 5.2% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,317 shares of the bank's stock worth $351,000 after acquiring an additional 65 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Price Performance

Shares of NYSE BAP opened at $340.03 on Friday. Credicorp Ltd. has a fifty-two week low of $165.51 and a fifty-two week high of $380.20. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. The stock has a market cap of $27.05 billion, a P/E ratio of 13.99, a P/E/G ratio of 0.76 and a beta of 0.93. The firm's 50-day simple moving average is $342.14 and its 200 day simple moving average is $297.38.

Credicorp (NYSE:BAP - Get Free Report) last posted its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. Credicorp had a net margin of 24.53% and a return on equity of 20.43%. The company had revenue of $1.81 billion during the quarter. Equities analysts expect that Credicorp Ltd. will post 21.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BAP. The Goldman Sachs Group lifted their price objective on Credicorp from $293.00 to $330.00 and gave the company a "neutral" rating in a research note on Tuesday, February 17th. Zacks Research cut Credicorp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Wall Street Zen cut Credicorp from a "buy" rating to a "hold" rating in a research report on Saturday, December 20th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Credicorp in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $297.60.

Credicorp Company Profile

Credicorp Ltd. NYSE: BAP is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp's principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.

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