Mondrian Investment Partners LTD Cuts Holdings in Credicorp Ltd. (NYSE:BAP)

Key Points

• Mondrian Investment Partners LTD reduced its stake in Credicorp Ltd. by 2.6%, now owning approximately 0.62% of the bank, valued at around $91.5 million.
• Several analysts have recently reviewed Credicorp's stock, with Goldman Sachs upgrading their rating from "sell" to "neutral" and setting a new price target of $225.00, while UBS Group reaffirmed a "buy" rating.
• Shares of Credicorp are currently trading at $251.40, with a 52-week low of $164.36 and a high of $251.54, reflecting significant price volatility over the year.

Mondrian Investment Partners LTD reduced its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 491,483 shares of the bank's stock after selling 13,168 shares during the period. Mondrian Investment Partners LTD owned approximately 0.62% of Credicorp worth $91,494,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Credicorp during the 1st quarter worth $40,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Credicorp in the fourth quarter valued at approximately $40,000. Farther Finance Advisors LLC increased its holdings 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 buying an additional 217 shares in the last quarter. Quarry LP acquired a new stake in shares of Credicorp during the 4th quarter valued at $47,000. Finally, Headlands Technologies LLC raised its position in Credicorp by 189.5% in the first quarter. Headlands Technologies LLC now owns 605 shares of the bank's stock valued at $113,000 after purchasing an additional 396 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BAP. The Goldman Sachs Group upgraded shares of Credicorp from a "sell" rating to a "neutral" rating and upped their price target for the company from $174.00 to $225.00 in a research report on Thursday, July 24th. UBS Group reaffirmed a "buy" rating on shares of Credicorp in a research note on Monday, June 2nd. Finally, Wall Street Zen cut shares of Credicorp from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $227.25.

Credicorp Stock Up 0.6%

Credicorp stock traded up $1.48 during mid-day trading on Friday, reaching $251.84. The stock had a trading volume of 559,793 shares, compared to its average volume of 314,321. The stock's 50-day simple moving average is $228.36 and its 200-day simple moving average is $204.11. Credicorp Ltd. has a fifty-two week low of $165.18 and a fifty-two week high of $255.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $20.03 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.78 and a beta of 1.09.

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.