abrdn plc Sells 85,785 Shares of Credicorp Ltd. (NYSE:BAP)

abrdn plc lowered its stake in Credicorp Ltd. (NYSE:BAPFree Report) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 788,045 shares of the bank’s stock after selling 85,785 shares during the quarter. abrdn plc’s holdings in Credicorp were worth $118,152,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. WCM Investment Management LLC lifted its stake in Credicorp by 1,723.7% in the 4th 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 in the last quarter. Simplicity Solutions LLC purchased a new stake in Credicorp in the 4th quarter worth $419,000. NewEdge Wealth LLC lifted its stake in Credicorp by 19.6% in the 4th quarter. NewEdge Wealth LLC now owns 3,330 shares of the bank’s stock worth $499,000 after purchasing an additional 545 shares in the last quarter. Janiczek Wealth Management LLC raised its position in shares of Credicorp by 25.2% during the 4th quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock valued at $146,000 after buying an additional 196 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Credicorp by 151.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,039 shares of the bank’s stock valued at $755,000 after buying an additional 3,032 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

Credicorp stock opened at $165.02 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.08 and a quick ratio of 1.00. Credicorp Ltd. has a 1-year low of $116.42 and a 1-year high of $179.53. The firm has a market capitalization of $13.12 billion, a P/E ratio of 10.55, a price-to-earnings-growth ratio of 0.56 and a beta of 1.13. The company’s 50-day moving average is $169.53 and its 200 day moving average is $148.00.

Credicorp (NYSE:BAPGet Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.32 billion. Research analysts forecast that Credicorp Ltd. will post 18.4 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on BAP shares. JPMorgan Chase & Co. upped their target price on shares of Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. UBS Group decreased their target price on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $181.73.

Read Our Latest Stock Analysis on BAP

Credicorp Company Profile

(Free Report)

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.

Further Reading

Want to see what other hedge funds are holding BAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credicorp Ltd. (NYSE:BAPFree Report).

Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

Receive News & Ratings for Credicorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credicorp and related companies with MarketBeat.com's FREE daily email newsletter.