Credicorp Ltd. $BAP Shares Sold by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd has reduced its holdings in Credicorp Ltd. by 5.2% this quarter, owning approximately $114.7 million worth of shares after selling 28,164 shares.
• Several institutional investors significantly increased their investments in Credicorp, with GAMMA Investing LLC's position rising by 27,522.6% this quarter, now owning 8,563 shares.
• Analysts have mixed opinions on Credicorp, with a consensus rating of "Moderate Buy" and various price target adjustments, including an upgrade from UBS Group from $257.00 to $318.00.

Ninety One UK Ltd cut its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 513,117 shares of the bank's stock after selling 28,164 shares during the period. Ninety One UK Ltd owned about 0.65% of Credicorp worth $114,692,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BAP. GAMMA Investing LLC lifted its position in shares of Credicorp by 27,522.6% during the first quarter. GAMMA Investing LLC now owns 8,563 shares of the bank's stock worth $1,594,000 after purchasing an additional 8,532 shares during the last quarter. Unigestion Holding SA bought a new position in shares of Credicorp during the first quarter worth about $212,000. Farther Finance Advisors LLC lifted its position in shares of Credicorp by 2,170.0% during the first quarter. Farther Finance Advisors LLC now owns 227 shares of the bank's stock worth $44,000 after purchasing an additional 217 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Credicorp by 1.5% during the first quarter. Fifth Third Bancorp now owns 6,645 shares of the bank's stock worth $1,237,000 after purchasing an additional 101 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in shares of Credicorp by 2.1% during the first quarter. Ritholtz Wealth Management now owns 9,202 shares of the bank's stock worth $1,713,000 after purchasing an additional 188 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. HSBC cut shares of Credicorp from a "buy" rating to a "hold" rating and increased their price target for the stock from $225.00 to $255.00 in a research report on Friday, September 5th. Zacks Research raised shares of Credicorp from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 26th. Hsbc Global Res raised shares of Credicorp to a "hold" rating in a report on Friday, September 5th. Wall Street Zen raised shares of Credicorp from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Finally, UBS Group raised their target price on shares of Credicorp from $257.00 to $318.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Credicorp currently has a consensus rating of "Moderate Buy" and an average price target of $250.00.

Credicorp Stock Performance

Shares of NYSE BAP opened at $266.46 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.49. The firm's 50-day moving average price is $254.21 and its two-hundred day moving average price is $221.76. Credicorp Ltd. has a 52-week low of $165.51 and a 52-week high of $280.88. The stock has a market capitalization of $21.19 billion, a P/E ratio of 12.63, a P/E/G ratio of 0.72 and a beta of 1.12.

Credicorp (NYSE:BAP - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share for the quarter, beating analysts' consensus estimates of $5.73 by $0.51. The company had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.52 billion. Credicorp had a return on equity of 17.94% and a net margin of 23.22%. As a group, sell-side analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Credicorp 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.

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