Russell Investments Group Ltd. lessened its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 68.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,023 shares of the bank's stock after selling 176,666 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of Credicorp worth $12,452,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of BAP. Bank of New York Mellon Corp grew its position in shares of Credicorp by 18.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,197,427 shares of the bank's stock valued at $153,235,000 after acquiring an additional 187,285 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Credicorp by 0.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 154,163 shares of the bank's stock worth $19,728,000 after buying an additional 508 shares during the period. IFM Investors Pty Ltd lifted its position in shares of Credicorp by 41.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 4,373 shares of the bank's stock valued at $560,000 after buying an additional 1,278 shares in the last quarter. Henry James International Management Inc. grew its stake in shares of Credicorp by 17.4% during the 3rd quarter. Henry James International Management Inc. now owns 3,888 shares of the bank's stock valued at $498,000 after acquiring an additional 575 shares during the period. Finally, Assetmark Inc. increased its holdings in Credicorp by 2,860.8% in the 3rd quarter. Assetmark Inc. now owns 5,359 shares of the bank's stock worth $686,000 after acquiring an additional 5,178 shares in the last quarter. Institutional investors own 89.81% of the company's stock.
Analysts Set New Price Targets
BAP has been the subject of a number of recent analyst reports. UBS Group dropped their price target on shares of 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. upped their target price on shares of Credicorp from $190.00 to $194.00 and gave the stock an "overweight" rating in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $181.73.
Check Out Our Latest Research Report on BAP
Credicorp Price Performance
Shares of NYSE:BAP traded up $3.92 during midday trading on Friday, reaching $168.64. 212,933 shares of the company were exchanged, compared to its average volume of 238,735. The stock has a market cap of $13.41 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 0.57 and a beta of 1.12. The business's fifty day moving average is $169.68 and its two-hundred day moving average is $151.05. Credicorp Ltd. has a one year low of $116.42 and a one year high of $179.53. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.44.
Credicorp (NYSE:BAP - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The bank reported $2.80 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.02). The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. Credicorp had a net margin of 20.17% and a return on equity of 14.68%. As a group, analysts predict that Credicorp Ltd. will post 18.4 earnings per share for the current year.
About Credicorp
(
Free Report)
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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