Russell Investments Group Ltd. Cuts Holdings in Credicorp Ltd. (NYSE:BAP)

Russell Investments Group Ltd. lowered its stake in shares of Credicorp Ltd. (NYSE:BAP) by 68.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 quarter.

Other hedge funds also recently made changes to their positions in the company. WCM Investment Management LLC lifted its stake in 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 during the last quarter. LA Financiere DE L Echiquier lifted its position in Credicorp by 20.3% in the 4th quarter. LA Financiere DE L Echiquier now owns 34,677 shares of the bank’s stock worth $5,199,000 after buying an additional 5,841 shares during the last quarter. Deltec Asset Management LLC purchased a new stake in Credicorp in the fourth quarter worth approximately $1,349,000. Handelsbanken Fonder AB grew its position in Credicorp by 2.3% during the fourth quarter. Handelsbanken Fonder AB now owns 252,909 shares of the bank’s stock valued at $37,919,000 after acquiring an additional 5,695 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Credicorp by 1.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,053,247 shares of the bank’s stock worth $390,724,000 after acquiring an additional 55,018 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Credicorp Trading Up 2.4 %

NYSE:BAP opened at $168.64 on Friday. The firm has a market capitalization of $13.41 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.56 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $169.68 and a 200 day moving average of $150.71. Credicorp Ltd. has a 52 week low of $116.42 and a 52 week high of $179.53.

Credicorp (NYSE:BAP) last posted its earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.02). Credicorp had a return on equity of 14.68% and a net margin of 20.17%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. On average, research analysts predict that Credicorp Ltd. will post 18.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

BAP has been the subject of a number of research reports. 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 report on Monday, February 5th. JPMorgan Chase & Co. lifted their price objective on Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. One equities 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 presently has an average rating of “Moderate Buy” and a consensus target price of $181.73.

Credicorp Company Profile

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.