Credicorp Ltd. $BAP Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of Credicorp Ltd. (NYSE:BAP) by 98.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 425 shares of the bank’s stock after selling 23,489 shares during the quarter. SG Americas Securities LLC’s holdings in Credicorp were worth $113,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in BAP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Credicorp in the first quarter valued at about $78,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Credicorp by 9.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 225,351 shares of the bank’s stock worth $50,370,000 after buying an additional 19,378 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Credicorp by 6.7% in the 2nd quarter. DAVENPORT & Co LLC now owns 5,688 shares of the bank’s stock valued at $1,271,000 after buying an additional 355 shares during the period. Shell Asset Management Co. boosted its stake in shares of Credicorp by 54.7% in the second quarter. Shell Asset Management Co. now owns 6,670 shares of the bank’s stock valued at $1,491,000 after buying an additional 2,358 shares in the last quarter. Finally, Callan Family Office LLC grew its holdings in Credicorp by 232.0% during the second quarter. Callan Family Office LLC now owns 3,599 shares of the bank’s stock worth $804,000 after acquiring an additional 2,515 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. The Goldman Sachs Group raised their price objective on shares of Credicorp from $263.00 to $293.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Weiss Ratings restated a “buy (b)” rating on shares of Credicorp in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Credicorp from $242.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $290.20.

Credicorp Trading Down 2.4%

Shares of BAP opened at $356.60 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.07. Credicorp Ltd. has a 1-year low of $165.51 and a 1-year high of $365.42. The stock has a market cap of $28.36 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 0.82 and a beta of 0.89. The firm has a 50 day simple moving average of $295.78 and a 200-day simple moving average of $268.58.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, November 13th. The bank reported $6.17 EPS for the quarter, beating analysts’ consensus estimates of $6.05 by $0.12. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Credicorp had a return on equity of 19.50% and a net margin of 23.59%. Equities analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Credicorp Company 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.