Fisher Asset Management LLC Sells 5,082 Shares of Credicorp Ltd. $BAP

Fisher Asset Management LLC lowered its holdings in Credicorp Ltd. (NYSE:BAP) by 9.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,621 shares of the bank’s stock after selling 5,082 shares during the quarter. Fisher Asset Management LLC’s holdings in Credicorp were worth $11,091,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BAP. SVB Wealth LLC bought a new position in shares of Credicorp in the first quarter valued at about $35,000. MAI Capital Management increased its position in Credicorp by 5,300.0% in the 2nd quarter. MAI Capital Management now owns 162 shares of the bank’s stock valued at $36,000 after acquiring an additional 159 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Credicorp by 33.5% in the second quarter. First Horizon Advisors Inc. now owns 283 shares of the bank’s stock worth $63,000 after acquiring an additional 71 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Credicorp during the first quarter worth approximately $78,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of Credicorp during the first quarter valued at approximately $88,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Price Performance

BAP opened at $262.94 on Thursday. The stock has a market cap of $20.91 billion, a P/E ratio of 11.85, a P/E/G ratio of 0.65 and a beta of 0.90. Credicorp Ltd. has a 12 month low of $165.51 and a 12 month high of $280.88. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $257.81 and a 200 day simple moving average of $243.04.

Credicorp (NYSE:BAP) last posted its earnings results on Thursday, November 13th. The bank reported $6.17 earnings per share for the quarter, topping the consensus estimate of $6.05 by $0.12. Credicorp had a return on equity of 19.50% and a net margin of 23.59%.The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.71 billion. On average, research analysts expect that Credicorp Ltd. will post 21.9 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of Credicorp to a “hold” rating in a research report on Friday, September 5th. UBS Group boosted their target price on Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Citigroup raised their price target on Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Credicorp in a research report on Monday. Finally, HSBC downgraded shares of Credicorp from a “buy” rating to a “hold” rating and upped their target price for the company from $225.00 to $255.00 in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Credicorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $265.17.

About Credicorp

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.