AQR Capital Management LLC Sells 1,190 Shares of Credicorp Ltd. $BAP

Key Points

• AQR Capital Management LLC reduced its holdings in Credicorp Ltd. by 1.2%, now owning approximately 101,530 shares valued at $18.8 million.
• Several institutional investors, including SVB Wealth LLC and Advisors Asset Management Inc., have recently made new investments in Credicorp, with 89.81% of the stock now held by institutional investors.
• Wall Street analysts have given mixed ratings on Credicorp, with a consensus rating of "Hold" and a price target range between $239.83 and $275.00.

AQR Capital Management LLC decreased its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,530 shares of the bank's stock after selling 1,190 shares during the quarter. AQR Capital Management LLC owned approximately 0.13% of Credicorp worth $18,829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its position in Credicorp by 0.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,032,656 shares of the bank's stock worth $564,559,000 after buying an additional 7,692 shares in the last quarter. Royal Bank of Canada grew its position in shares of Credicorp by 0.9% during the first quarter. Royal Bank of Canada now owns 1,695,980 shares of the bank's stock worth $315,724,000 after purchasing an additional 14,852 shares in the last quarter. Bank of Nova Scotia grew its position in shares of Credicorp by 21.8% during the first quarter. Bank of Nova Scotia now owns 867,347 shares of the bank's stock worth $161,465,000 after purchasing an additional 155,162 shares in the last quarter. Driehaus Capital Management LLC grew its position in shares of Credicorp by 13.4% during the first quarter. Driehaus Capital Management LLC now owns 574,504 shares of the bank's stock worth $106,950,000 after purchasing an additional 68,011 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Credicorp by 27.1% during the first quarter. Northern Trust Corp now owns 557,245 shares of the bank's stock worth $103,737,000 after purchasing an additional 118,706 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Credicorp Trading Down 0.1%

Shares of NYSE:BAP traded down $0.23 during trading on Monday, hitting $265.83. The company had a trading volume of 189,214 shares, compared to its average volume of 364,927. The stock has a market cap of $21.14 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 0.74 and a beta of 1.12. Credicorp Ltd. has a one year low of $165.51 and a one year high of $268.48. The company has a fifty day simple moving average of $244.94 and a two-hundred day simple moving average of $215.61. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.08.

Credicorp (NYSE:BAP - Get Free Report) last posted its quarterly earnings data 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 17.94% and a net margin of 23.22%.The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.52 billion. As a group, equities analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BAP shares. The Goldman Sachs Group upgraded Credicorp from a "sell" rating to a "neutral" rating and increased their target price for the stock from $174.00 to $225.00 in a research report on Thursday, July 24th. HSBC lowered Credicorp from a "buy" rating to a "hold" rating and increased their price target for the company from $225.00 to $255.00 in a research note on Friday, September 5th. Citigroup increased their price target 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. Finally, Wall Street Zen raised Credicorp from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $239.83.

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.