WINTON GROUP Ltd Sells 6,010 Shares of Credicorp Ltd. $BAP

Key Points

• WINTON GROUP Ltd cut its Credicorp stake by 90.9% in the second quarter, selling 6,010 shares and retaining 600 shares valued at approximately $234,000.
• Institutional ownership remains high at 89.81%, with several investment firms initiating positions and Caitong International Asset Management increasing its holdings by 227.8%.
• Analysts have become more bullish on Credicorp: five rate it a Buy and two a Hold, producing a “Moderate Buy” consensus and an average price target of $431.80, above the reported $381.75 share price.

WINTON GROUP Ltd decreased its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 90.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 600 shares of the bank's stock after selling 6,010 shares during the period. WINTON GROUP Ltd's holdings in Credicorp were worth $234,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BAP. Pin Oak Investment Advisors Inc. bought a new stake in shares of Credicorp during the 2nd quarter worth $25,000. Quantbot Technologies LP bought a new position in Credicorp in the 2nd quarter worth $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in Credicorp during the 2nd quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Credicorp during the 1st quarter worth $40,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Credicorp by 227.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 177 shares of the bank's stock valued at $51,000 after acquiring an additional 123 shares during the period. 89.81% of the stock is owned by institutional investors.

Credicorp Stock Down 0.6%

Shares of BAP stock opened at $381.75 on Friday. The stock has a market cap of $36.03 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 0.75 and a beta of 0.88. Credicorp Ltd. has a one year low of $230.45 and a one year high of $413.24. The stock has a fifty day moving average price of $383.09 and a 200 day moving average price of $358.03. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00.

Analysts Set New Price Targets

A number of research firms have issued reports on BAP. The Goldman Sachs Group raised their target price on Credicorp from $329.00 to $374.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Morgan Stanley upgraded Credicorp from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $375.00 to $480.00 in a report on Wednesday, June 17th. JPMorgan Chase & Co. raised Credicorp from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $453.00 to $482.00 in a research report on Wednesday. UBS Group raised their price objective on shares of Credicorp from $412.00 to $473.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. Finally, Weiss Ratings raised shares of Credicorp from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, September 3rd. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Credicorp presently has an average rating of "Moderate Buy" and a consensus price target of $431.80.

Credicorp Company Profile

Credicorp Ltd. NYSE: BAP is a financial services holding company based in Peru. Through its subsidiaries, the company provides banking, insurance, pension, investment banking and wealth management services to individuals, businesses and institutions.

Its principal banking subsidiary is Banco de Crédito del Perú (BCP), one of Peru's major banks, which offers deposits, loans, payment services, credit cards and other financial products. Credicorp also operates Mibanco, a bank focused on microfinance and small businesses, and Grupo Pacífico, which provides property and casualty, life and health insurance products.

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