Russell Investments Group Ltd. lessened its position in Credicorp Ltd. (NYSE:BAP) by 18.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 131,522 shares of the bank’s stock after selling 30,071 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.16% of Credicorp worth $27,616,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Marshall Wace North America L.P. purchased a new stake in shares of Credicorp in the 1st quarter valued at $72,000. Huntington National Bank raised its holdings in shares of Credicorp by 29.7% in the 2nd quarter. Huntington National Bank now owns 529 shares of the bank’s stock valued at $121,000 after buying an additional 121 shares during the period. Cerebellum GP LLC raised its holdings in shares of Credicorp by 146.2% in the 3rd quarter. Cerebellum GP LLC now owns 645 shares of the bank’s stock valued at $134,000 after buying an additional 383 shares during the period. Marshall Wace LLP purchased a new stake in shares of Credicorp in the 1st quarter valued at $201,000. Finally, Sepio Capital LLC purchased a new stake in shares of Credicorp in the 2nd quarter valued at $293,000. Hedge funds and other institutional investors own 65.52% of the company’s stock.
Several research firms recently commented on BAP. Zacks Investment Research raised Credicorp from a “sell” rating to a “hold” rating in a research note on Tuesday. Bank of America raised Credicorp from an “underperform” rating to a “buy” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. raised Credicorp from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $232.00 to $250.00 in a research note on Tuesday, August 13th. ValuEngine raised Credicorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, HSBC raised Credicorp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $245.00 to $250.00 in a research note on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $258.00.
BAP opened at $217.33 on Friday. Credicorp Ltd. has a 12 month low of $199.83 and a 12 month high of $252.49. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 1.07 and a beta of 0.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day moving average price of $210.22 and a 200 day moving average price of $218.96.
Credicorp (NYSE:BAP) last released its quarterly earnings data on Thursday, August 8th. The bank reported $3.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.14 by ($0.45). The business had revenue of $971.06 million for the quarter, compared to analyst estimates of $1.06 billion. Credicorp had a return on equity of 16.48% and a net margin of 24.65%. On average, research analysts anticipate that Credicorp Ltd. will post 16.52 earnings per share for the current year.
The firm also recently disclosed 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 is Monday, October 21st. Credicorp’s dividend payout ratio is currently 40.79%.
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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