WCM Investment Management LLC lessened its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269,176 shares of the bank's stock after selling 10,115 shares during the quarter. WCM Investment Management LLC owned approximately 0.34% of Credicorp worth $60,269,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerity Partners LLC raised its stake in shares of Credicorp by 37.1% during the first quarter. Cerity Partners LLC now owns 5,545 shares of the bank's stock valued at $1,032,000 after purchasing an additional 1,500 shares in the last quarter. Inspire Investing LLC bought a new stake in Credicorp in the first quarter worth about $744,000. Paragon Capital Management Ltd acquired a new stake in Credicorp during the 2nd quarter worth about $233,000. Penserra Capital Management LLC acquired a new stake in Credicorp during the 1st quarter worth about $122,000. Finally, Asset Management One Co. Ltd. raised its holdings in Credicorp by 8.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 10,876 shares of the bank's stock worth $2,025,000 after buying an additional 837 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Zacks Research raised Credicorp from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 26th. Wall Street Zen raised Credicorp from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Weiss Ratings reissued a "buy (b+)" rating on shares of Credicorp in a research note on Tuesday. HSBC cut Credicorp from a "buy" rating to a "hold" rating and boosted their price target for the company from $225.00 to $255.00 in a research note on Friday, September 5th. Finally, Citigroup boosted 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. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $250.00.
View Our Latest Report on Credicorp
Credicorp Stock Up 0.3%
BAP opened at $254.78 on Thursday. The business has a 50 day moving average price of $259.21 and a 200 day moving average price of $226.70. Credicorp Ltd. has a twelve month low of $165.51 and a twelve month high of $280.88. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $20.27 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11.
Credicorp (NYSE:BAP - Get Free Report) last posted its earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share for the quarter, topping 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 firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.52 billion. Research analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current year.
Credicorp Company Profile
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Free Report)
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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