Fisher Asset Management LLC Reduces Stock Holdings in Credicorp Ltd. $BAP

Fisher Asset Management LLC trimmed its position in Credicorp Ltd. (NYSE:BAP) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,116 shares of the bank’s stock after selling 2,252 shares during the period. Fisher Asset Management LLC owned about 0.06% of Credicorp worth $14,670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BAP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Credicorp in the first quarter worth about $78,000. Cetera Investment Advisers boosted its position in Credicorp by 36.3% in the second quarter. Cetera Investment Advisers now owns 1,786 shares of the bank’s stock worth $399,000 after purchasing an additional 476 shares during the last quarter. State Street Corp boosted its position in Credicorp by 1.6% in the second quarter. State Street Corp now owns 1,197,536 shares of the bank’s stock worth $267,673,000 after purchasing an additional 19,361 shares during the last quarter. Nebula Research & Development LLC purchased a new position in shares of Credicorp during the 2nd quarter valued at about $355,000. Finally, Quantinno Capital Management LP lifted its position in shares of Credicorp by 24.7% during the 2nd quarter. Quantinno Capital Management LP now owns 5,468 shares of the bank’s stock valued at $1,222,000 after buying an additional 1,083 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Weiss Ratings raised Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, May 15th. The Goldman Sachs Group lifted their price objective on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. UBS Group lifted their price objective on Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Research cut Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, HSBC raised Credicorp from a “hold” rating to a “buy” rating and lifted their price objective for the company from $320.00 to $350.00 in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Credicorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $335.40.

Credicorp Stock Down 0.8%

BAP stock opened at $349.11 on Thursday. The business’s 50-day moving average price is $331.67 and its 200-day moving average price is $315.88. The stock has a market cap of $32.95 billion, a P/E ratio of 13.46, a PEG ratio of 0.78 and a beta of 0.87. Credicorp Ltd. has a twelve month low of $206.32 and a twelve month high of $380.20. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.36.

Credicorp (NYSE:BAP) last issued its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. Credicorp had a return on equity of 20.61% and a net margin of 24.81%.The company had revenue of $1.81 billion for the quarter. On average, equities research analysts forecast that Credicorp Ltd. will post 29.38 EPS for the current year.

Insider Buying and Selling at Credicorp

In other news, CFO Alejandro Perez-Reyes sold 1,073 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $337.50, for a total transaction of $362,137.50. Following the transaction, the chief financial officer owned 1,745 shares of the company’s stock, valued at approximately $588,937.50. The trade was a 38.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 15.90% of the company’s stock.

Credicorp Profile

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.