Credicorp (NYSE:BAP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “CreditCorp LTD is a limited liability company to act as a holding company, to coordinate the policy and administration of its subsidiaries and engage in investing activities. Credicorp’s principal objective is to coordinate and manage the business plans of its subsidiaries in an effort to implement universal banking services in Peru, while diversifying regionally. They conduct their financial business exclusively through its subsidiaries “

A number of other research analysts also recently issued reports on BAP. Citigroup downgraded Credicorp from a “buy” rating to a “neutral” rating in a report on Friday, September 29th. downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Monday, November 13th. ValuEngine downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, HSBC downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Seven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $225.50.

Shares of Credicorp (NYSE:BAP) traded up $3.77 during trading hours on Monday, reaching $223.17. The company’s stock had a trading volume of 195,400 shares, compared to its average volume of 228,975. Credicorp has a one year low of $150.71 and a one year high of $223.91. The firm has a market capitalization of $17,790.00, a P/E ratio of 14.53, a PEG ratio of 1.12 and a beta of 0.86. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.22 and a quick ratio of 1.22.

Institutional investors have recently bought and sold shares of the company. LMR Partners LLP purchased a new stake in shares of Credicorp in the third quarter valued at approximately $632,000. Allianz Asset Management GmbH increased its position in shares of Credicorp by 279.3% in the third quarter. Allianz Asset Management GmbH now owns 165,260 shares of the bank’s stock valued at $33,882,000 after buying an additional 121,695 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Credicorp in the third quarter valued at approximately $1,429,000. Grandeur Peak Global Advisors LLC increased its position in shares of Credicorp by 2.0% in the third quarter. Grandeur Peak Global Advisors LLC now owns 91,100 shares of the bank’s stock valued at $18,677,000 after buying an additional 1,750 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in shares of Credicorp by 2.6% in the third quarter. Neuberger Berman Group LLC now owns 302,147 shares of the bank’s stock valued at $61,946,000 after buying an additional 7,792 shares in the last quarter. Institutional investors and hedge funds own 65.99% of the company’s stock.

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About Credicorp

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

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