Mondrian Investment Partners LTD cut its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 439,491 shares of the bank’s stock after selling 2,837 shares during the period. Credicorp comprises approximately 3.0% of Mondrian Investment Partners LTD’s portfolio, making the stock its 8th largest position. Mondrian Investment Partners LTD owned 0.55% of Credicorp worth $91,608,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Bartlett & Co. LLC lifted its position in shares of Credicorp by 16.7% in the 3rd quarter. Bartlett & Co. LLC now owns 350 shares of the bank’s stock worth $73,000 after purchasing an additional 50 shares during the period. Parallel Advisors LLC increased its stake in Credicorp by 19.9% during the 3rd quarter. Parallel Advisors LLC now owns 343 shares of the bank’s stock valued at $71,000 after purchasing an additional 57 shares in the last quarter. Sloane Robinson LLP increased its stake in Credicorp by 5.8% during the 3rd quarter. Sloane Robinson LLP now owns 40,300 shares of the bank’s stock valued at $8,400,000 after purchasing an additional 2,200 shares in the last quarter. Atlas Capital Advisors LLC increased its stake in Credicorp by 17.3% during the 3rd quarter. Atlas Capital Advisors LLC now owns 2,964 shares of the bank’s stock valued at $618,000 after purchasing an additional 438 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its stake in Credicorp by 10.6% during the 3rd quarter. Wetherby Asset Management Inc. now owns 2,421 shares of the bank’s stock valued at $505,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 65.52% of the company’s stock.
BAP stock traded down $10.58 during midday trading on Friday, hitting $206.75. The company’s stock had a trading volume of 351,130 shares, compared to its average volume of 296,331. The stock’s 50-day moving average price is $210.22 and its 200 day moving average price is $218.96. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.59. Credicorp Ltd. has a 1 year low of $199.83 and a 1 year high of $252.49. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 1.07 and a beta of 0.70.
Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, August 8th. The bank reported $3.69 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.45). Credicorp had a net margin of 24.65% and a return on equity of 16.48%. The firm had revenue of $971.06 million for the quarter, compared to analysts’ expectations of $1.06 billion. As a group, equities analysts forecast that Credicorp Ltd. will post 16.52 earnings per share for the current fiscal year.
The company also recently declared a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Wednesday, October 23rd will be given a dividend of $8.00 per share. The ex-dividend date of this dividend is Monday, October 21st. Credicorp’s dividend payout ratio is presently 40.79%.
A number of brokerages have commented on BAP. ValuEngine upgraded shares of Credicorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Zacks Investment Research upgraded shares of Credicorp from a “sell” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. upgraded shares of Credicorp from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $232.00 to $250.00 in a research note on Tuesday, August 13th. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and increased their target price for the company from $245.00 to $250.00 in a report on Tuesday, August 13th. Finally, Bank of America upgraded shares of Credicorp from an “underperform” rating to a “buy” rating in a report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $258.00.
Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.
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