Edmond DE Rothschild Holding S.A. Cuts Stock Holdings in Credicorp Ltd. $BAP

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Credicorp Ltd. by 32.2% in Q1, now holding 5,057 shares valued at approximately $941,000.
• Several hedge funds significantly increased their positions in Credicorp, with Jane Street Group LLC boosting its stake by 250.7% during the fourth quarter.
• Credicorp recently reported better-than-expected earnings, with earnings per share at $6.24, surpassing estimates by $0.51, and plans for future growth are reflected in analysts' upgraded price targets.

Edmond DE Rothschild Holding S.A. trimmed its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 32.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,057 shares of the bank's stock after selling 2,403 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Credicorp were worth $941,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in Credicorp by 45.7% in the fourth quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock worth $127,000 after purchasing an additional 217 shares during the period. First Trust Advisors LP raised its holdings in shares of Credicorp by 42.0% during the fourth quarter. First Trust Advisors LP now owns 3,298 shares of the bank's stock valued at $605,000 after purchasing an additional 975 shares during the last quarter. Jane Street Group LLC lifted its position in 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 during the period. BNP Paribas Financial Markets grew its position in Credicorp by 119.4% in the 4th quarter. BNP Paribas Financial Markets now owns 38,510 shares of the bank's stock worth $7,060,000 after purchasing an additional 20,960 shares during the period. Finally, Captrust Financial Advisors raised its stake in Credicorp by 4.5% during the 4th quarter. Captrust Financial Advisors now owns 5,339 shares of the bank's stock valued at $979,000 after buying an additional 230 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Credicorp Trading Up 0.3%

NYSE:BAP traded up $0.67 during midday trading on Thursday, hitting $264.85. 217,822 shares of the company traded hands, compared to its average volume of 320,486. The firm has a market capitalization of $21.07 billion, a P/E ratio of 14.39, a P/E/G ratio of 0.73 and a beta of 1.12. The firm's fifty day moving average is $242.56 and its 200-day moving average is $213.40. Credicorp Ltd. has a 12-month low of $165.51 and a 12-month high of $268.48. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49.

Credicorp (NYSE:BAP - Get Free Report) last released its earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 20.94% and a return on equity of 16.25%. On average, sell-side analysts predict that Credicorp Ltd. will post 21.9 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on BAP shares. Citigroup raised their target price on Credicorp from $255.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Wall Street Zen upgraded Credicorp from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Hsbc Global Res raised shares of Credicorp to a "hold" rating in a report on Friday, September 5th. The Goldman Sachs Group upgraded shares of Credicorp from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $174.00 to $225.00 in a research note on Thursday, July 24th. Finally, HSBC cut Credicorp from a "buy" rating to a "hold" rating and lifted their target price for the stock from $225.00 to $255.00 in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $239.83.

About Credicorp

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.