Credicorp Ltd. (NYSE:BAP) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its stake in Credicorp Ltd. (NYSE:BAP) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,011 shares of the bank’s stock after selling 3,510 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Credicorp were worth $7,335,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Credicorp by 37.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after buying an additional 62 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Credicorp in the third quarter valued at approximately $58,000. R Squared Ltd acquired a new stake in Credicorp in the fourth quarter valued at approximately $172,000. Aprio Wealth Management LLC purchased a new stake in shares of Credicorp during the fourth quarter valued at approximately $200,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Credicorp during the fourth quarter worth $238,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of BAP opened at $183.69 on Thursday. Credicorp Ltd. has a 52-week low of $153.27 and a 52-week high of $200.00. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The firm has a market cap of $14.61 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 0.56 and a beta of 1.12. The business’s 50 day moving average is $183.96 and its two-hundred day moving average is $182.79.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. Analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on BAP. JPMorgan Chase & Co. raised their price target on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Bank of America downgraded Credicorp from a “buy” rating to a “neutral” rating and lowered their target price for the company from $209.00 to $208.00 in a research note on Monday, December 16th.

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.