US Bancorp DE Sells 1,123 Shares of Credicorp Ltd. (NYSE:BAP)

US Bancorp DE reduced its stake in Credicorp Ltd. (NYSE:BAP) by 4.3% during the 4th quarter, Holdings Channel reports. The firm owned 24,915 shares of the bank’s stock after selling 1,123 shares during the period. US Bancorp DE’s holdings in Credicorp were worth $4,567,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Robeco Institutional Asset Management B.V. lifted its holdings in Credicorp by 7.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 134,707 shares of the bank’s stock worth $24,378,000 after acquiring an additional 9,431 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Credicorp by 8.0% during the third quarter. Principal Financial Group Inc. now owns 347,083 shares of the bank’s stock worth $62,812,000 after acquiring an additional 25,742 shares in the last quarter. CWA Asset Management Group LLC bought a new position in Credicorp during the third quarter worth about $1,737,000. Assetmark Inc. lifted its holdings in Credicorp by 4.2% during the third quarter. Assetmark Inc. now owns 6,481 shares of the bank’s stock worth $1,173,000 after acquiring an additional 263 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in Credicorp by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 3,189 shares of the bank’s stock worth $577,000 after acquiring an additional 140 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on BAP. JPMorgan Chase & Co. lifted their target price on Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Bank of America lowered Credicorp from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $209.00 to $208.00 in a report on Monday, December 16th.

Credicorp Stock Performance

BAP opened at $183.66 on Thursday. The business’s 50-day moving average price is $184.05 and its two-hundred day moving average price is $183.37. Credicorp Ltd. has a 1 year low of $153.27 and a 1 year high of $200.00. The company has a market capitalization of $14.61 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 0.56 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07.

Credicorp (NYSE:BAP) last released 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%. Equities analysts expect that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

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.