Perpetual Ltd Sells 800 Shares of Credicorp Ltd. (NYSE:BAP)

Perpetual Ltd reduced its position in Credicorp Ltd. (NYSE:BAP) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,440 shares of the bank’s stock after selling 800 shares during the period. Perpetual Ltd’s holdings in Credicorp were worth $1,364,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB raised its stake in shares of Credicorp by 37.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after purchasing an additional 62 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Credicorp during the 3rd quarter valued at about $58,000. Aprio Wealth Management LLC bought a new stake in shares of Credicorp in the fourth quarter worth approximately $200,000. Sanctuary Advisors LLC bought a new position in shares of Credicorp during the 2nd quarter valued at $210,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of Credicorp in the 3rd quarter worth $216,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BAP shares. 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 report on Monday, December 16th. The Goldman Sachs Group lifted their price objective on Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th.

Credicorp Stock Performance

NYSE BAP opened at $182.93 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. Credicorp Ltd. has a twelve month low of $147.00 and a twelve month high of $200.00. The business has a 50-day moving average price of $187.35 and a 200-day moving average price of $179.84. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Thursday, November 7th. The bank reported $5.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.67 by $0.41. Credicorp had a net margin of 20.11% and a return on equity of 15.59%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm posted $4.23 EPS. As a group, equities research analysts predict that Credicorp Ltd. will post 19.06 EPS for the current fiscal year.

Credicorp 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.