Invesco Ltd. Has $222.79 Million Position in Credicorp Ltd. $BAP

Invesco Ltd. lowered its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 12.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,196,755 shares of the bank's stock after selling 171,396 shares during the quarter. Invesco Ltd. owned about 1.50% of Credicorp worth $222,788,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in Credicorp during the first quarter worth approximately $40,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Credicorp during the fourth quarter worth approximately $40,000. Farther Finance Advisors LLC boosted its holdings in shares of Credicorp by 2,170.0% in the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the bank's stock valued at $44,000 after purchasing an additional 217 shares in the last quarter. Quarry LP acquired a new stake in shares of Credicorp in the 4th quarter valued at $47,000. Finally, Headlands Technologies LLC boosted its holdings in shares of Credicorp by 189.5% in the 1st quarter. Headlands Technologies LLC now owns 605 shares of the bank's stock valued at $113,000 after purchasing an additional 396 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Credicorp Price Performance

Shares of NYSE BAP traded up $1.67 during mid-day trading on Monday, hitting $253.55. 192,698 shares of the stock traded hands, compared to its average volume of 313,476. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.03 and a quick ratio of 1.03. Credicorp Ltd. has a twelve month low of $165.48 and a twelve month high of $255.39. The company has a market cap of $20.17 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 0.79 and a beta of 1.09. The firm has a 50 day simple moving average of $229.05 and a two-hundred day simple moving average of $204.87.

Credicorp (NYSE:BAP - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The bank reported $6.24 earnings per share for the quarter, beating the consensus estimate of $5.73 by $0.51. Credicorp had a return on equity of 16.25% and a net margin of 20.94%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.52 billion. As a group, equities research analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analysts Set New Price Targets

BAP has been the topic of a number of research analyst reports. The Goldman Sachs Group raised Credicorp from a "sell" rating to a "neutral" rating and raised their target price for the company from $174.00 to $225.00 in a report on Thursday, July 24th. UBS Group reaffirmed a "buy" rating on shares of Credicorp in a report on Monday, June 2nd. Finally, Wall Street Zen downgraded Credicorp from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Credicorp presently has a consensus rating of "Hold" and a consensus target price of $227.25.

Credicorp Company 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.