Credicorp Ltd. $BAP Shares Sold by Mondrian Investment Partners LTD

Key Points

• Mondrian Investment Partners cut its Credicorp stake by 21.4% in the third quarter, selling 19,484 shares and retaining 71,451 shares valued at approximately $27.1 million.
• Institutional ownership remains high at 89.81%, with several major investors—including BlackRock, Pzena Investment Management, and Bank of Nova Scotia—holding or adding significant positions.
• Analyst sentiment is favorable: Credicorp has a consensus rating of “Moderate Buy” and an average price target of $431.80, compared with a recent share price of $370.13.

Mondrian Investment Partners LTD lowered its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 21.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,451 shares of the bank's stock after selling 19,484 shares during the period. Mondrian Investment Partners LTD owned 0.08% of Credicorp worth $27,142,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Credicorp in the 2nd quarter worth $1,933,666,000. Royal Bank of Canada lifted its position in shares of Credicorp by 0.8% in the 1st quarter. Royal Bank of Canada now owns 1,721,926 shares of the bank's stock worth $584,042,000 after purchasing an additional 13,249 shares during the period. Pzena Investment Management LLC purchased a new stake in shares of Credicorp in the 2nd quarter worth about $325,911,000. Bank of Nova Scotia purchased a new stake in shares of Credicorp in the 2nd quarter worth about $311,294,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Credicorp by 15.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 842,780 shares of the bank's stock valued at $285,854,000 after purchasing an additional 112,418 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Credicorp from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday, October 9th. The Goldman Sachs Group raised their price objective on shares of Credicorp from $329.00 to $374.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. JPMorgan Chase & Co. upgraded shares of Credicorp from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $453.00 to $482.00 in a report on Wednesday, September 16th. Finally, UBS Group lifted their price objective on Credicorp from $412.00 to $473.00 and gave the company a "buy" rating in a research report on Thursday, August 20th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $431.80.

Credicorp Price Performance

Shares of BAP stock opened at $370.13 on Friday. The business's fifty day moving average is $379.88 and its 200 day moving average is $366.75. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. The stock has a market cap of $34.93 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.72 and a beta of 0.92. Credicorp Ltd. has a twelve month low of $230.45 and a twelve month high of $413.24.

Credicorp Profile

Credicorp Ltd. NYSE: BAP is a Peru-based financial services holding company whose businesses provide banking, insurance, investment management and pension services. Its principal subsidiary is Banco de Crédito del Perú (BCP), one of Peru's largest banks, which serves individual, business and corporate customers through deposits, lending, payments, treasury and other financial products.

Credicorp also operates Mibanco, a financial institution focused on microfinance and small businesses, and Pacífico Seguros, which offers life, health, property and casualty insurance.

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