Public Employees Retirement System of Ohio Sells 8,082 Shares of Credicorp Ltd. $BAP

Key Points

• The Public Employees Retirement System of Ohio reduced its holdings in Credicorp Ltd. by 4.3%, selling 8,082 shares in the second quarter, leaving it with approximately 181,077 shares valued at $40.47 million.
• Investment firms like Farther Finance Advisors and Diversified Trust Co significantly increased their stakes in Credicorp during the same period, indicating confidence in the stock.
• Analysts have mixed ratings on Credicorp, with three analysts rating it as a "Buy" and four as a "Hold," while Citigroup recently raised its price target from $255 to $275.

Public Employees Retirement System of Ohio lessened its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 181,077 shares of the bank's stock after selling 8,082 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.23% of Credicorp worth $40,474,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in Credicorp by 193.0% in the second quarter. Farther Finance Advisors LLC now owns 665 shares of the bank's stock valued at $149,000 after purchasing an additional 438 shares in the last quarter. Diversified Trust Co increased its position in shares of Credicorp by 166.6% during the second quarter. Diversified Trust Co now owns 7,669 shares of the bank's stock worth $1,714,000 after acquiring an additional 4,792 shares in the last quarter. Confluence Investment Management LLC bought a new stake in shares of Credicorp during the second quarter worth $201,000. Voya Investment Management LLC increased its position in shares of Credicorp by 2.4% during the first quarter. Voya Investment Management LLC now owns 5,088 shares of the bank's stock worth $947,000 after acquiring an additional 120 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of Credicorp during the first quarter worth $744,000. Institutional investors own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BAP shares. Citigroup increased their price objective on shares of Credicorp from $255.00 to $275.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Wall Street Zen raised shares of Credicorp from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. HSBC downgraded shares of Credicorp from a "buy" rating to a "hold" rating and increased their price objective for the stock from $225.00 to $255.00 in a research report on Friday, September 5th. Hsbc Global Res raised shares of Credicorp to a "hold" rating in a research report on Friday, September 5th. Finally, The Goldman Sachs Group upgraded shares of Credicorp from a "sell" rating to a "neutral" rating and increased their target price for the stock from $174.00 to $225.00 in a report on Thursday, July 24th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $250.00.

Credicorp Stock Performance

Shares of BAP opened at $266.46 on Thursday. Credicorp Ltd. has a 12 month low of $165.51 and a 12 month high of $280.88. The firm has a fifty day simple moving average of $251.17 and a 200 day simple moving average of $219.25. The stock has a market capitalization of $21.19 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 0.72 and a beta of 1.12. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49.

Credicorp (NYSE:BAP - Get Free Report) last announced its earnings results on Thursday, August 14th. The bank reported $6.24 EPS for the quarter, topping the consensus estimate of $5.73 by $0.51. The business had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.52 billion. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. Research analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

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.

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