Credicorp Ltd. (NYSE:BAP) Stock Position Cut by Genesis Investment Management LLP

Genesis Investment Management LLP cut its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 18.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 407,077 shares of the bank's stock after selling 92,536 shares during the quarter. Credicorp makes up about 11.9% of Genesis Investment Management LLP's investment portfolio, making the stock its 3rd largest position. Genesis Investment Management LLP owned 0.51% of Credicorp worth $61,033,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BAP. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Credicorp in the first quarter worth $1,340,000. PNC Financial Services Group Inc. grew its holdings in Credicorp by 20.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank's stock worth $179,000 after acquiring an additional 173 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of Credicorp in the first quarter valued at about $234,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Credicorp during the first quarter valued at about $468,000. Finally, Yousif Capital Management LLC boosted its holdings in shares of Credicorp by 40.2% during the first quarter. Yousif Capital Management LLC now owns 4,084 shares of the bank's stock worth $702,000 after purchasing an additional 1,170 shares during the period. Institutional investors own 89.81% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on BAP shares. UBS Group lowered their price target on Credicorp from $192.00 to $190.00 and set a "buy" rating for the company in a research report on Monday, February 5th. JPMorgan Chase & Co. raised their price target on Credicorp from $190.00 to $194.00 and gave the stock an "overweight" rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Credicorp has a consensus rating of "Moderate Buy" and a consensus target price of $181.73.

Credicorp Stock Up 0.9 %

Shares of BAP stock traded up $1.41 during midday trading on Wednesday, reaching $161.05. 244,772 shares of the stock were exchanged, compared to its average volume of 238,140. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $179.53. The firm has a market cap of $12.81 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 0.54 and a beta of 1.13. The company's 50 day moving average is $168.98 and its two-hundred day moving average is $147.36. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.67.

Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.02). The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.32 billion. Credicorp had a return on equity of 14.68% and a net margin of 20.17%. On average, equities research analysts predict that Credicorp Ltd. will post 18.4 EPS for the current year.

Credicorp Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.