abrdn plc Has $118.15 Million Position in Credicorp Ltd. (NYSE:BAP)

abrdn plc decreased its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 9.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 788,045 shares of the bank's stock after selling 85,785 shares during the period. abrdn plc owned approximately 0.99% of Credicorp worth $118,152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BAP. Alliancebernstein L.P. boosted its position in shares of Credicorp by 805.5% in the fourth quarter. Alliancebernstein L.P. now owns 524,862 shares of the bank's stock worth $71,203,000 after buying an additional 466,898 shares during the period. WCM Investment Management LLC lifted its position in shares of Credicorp by 1,723.7% during the fourth quarter. WCM Investment Management LLC now owns 303,705 shares of the bank's stock worth $45,832,000 after purchasing an additional 287,052 shares in the last quarter. Norges Bank acquired a new position in shares of Credicorp during the fourth quarter worth $35,802,000. Hsbc Holdings PLC lifted its position in shares of Credicorp by 784.5% during the third quarter. Hsbc Holdings PLC now owns 285,863 shares of the bank's stock worth $36,618,000 after purchasing an additional 253,544 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Credicorp by 354.1% during the first quarter. Invesco Ltd. now owns 320,381 shares of the bank's stock worth $55,064,000 after purchasing an additional 249,824 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Up 1.9 %

Shares of NYSE:BAP traded up $3.14 during midday trading on Friday, reaching $165.02. The company had a trading volume of 190,160 shares, compared to its average volume of 261,135. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.08 and a quick ratio of 1.00. The stock's fifty day moving average price is $169.53 and its 200-day moving average price is $148.18. The stock has a market capitalization of $13.12 billion, a P/E ratio of 10.55, a PEG ratio of 0.56 and a beta of 1.13. Credicorp Ltd. has a one year low of $116.42 and a one year high of $179.53.

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

Analyst Ratings Changes

A number of research analysts have recently commented on BAP shares. UBS Group reduced their target price on shares of Credicorp from $192.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of Credicorp from $190.00 to $194.00 and gave the stock an "overweight" rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $181.73.

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.