Credicorp Ltd. (NYSE:BAP) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. lowered its stake in Credicorp Ltd. (NYSE:BAP) by 16.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 291,045 shares of the bank’s stock after selling 56,700 shares during the quarter. APG Asset Management N.V.’s holdings in Credicorp were worth $58,503,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Deprince Race & Zollo Inc. lifted its holdings in Credicorp by 24.5% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 26,410 shares of the bank’s stock worth $6,046,000 after buying an additional 5,200 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in Credicorp by 15.9% during the 2nd quarter. Pictet Asset Management Ltd. now owns 109,131 shares of the bank’s stock worth $24,981,000 after buying an additional 14,947 shares during the last quarter. Commonwealth Bank of Australia lifted its holdings in Credicorp by 26.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 13,514 shares of the bank’s stock worth $3,089,000 after buying an additional 2,866 shares during the last quarter. Brown Advisory Inc. lifted its holdings in Credicorp by 5.3% during the 2nd quarter. Brown Advisory Inc. now owns 87,874 shares of the bank’s stock worth $20,116,000 after buying an additional 4,428 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Credicorp by 14.9% during the 2nd quarter. Renaissance Technologies LLC now owns 11,600 shares of the bank’s stock worth $2,655,000 after buying an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 68.70% of the company’s stock.

A number of research firms have commented on BAP. HSBC raised Credicorp from a “hold” rating to a “buy” rating and increased their target price for the stock from $245.00 to $250.00 in a report on Tuesday, August 13th. JPMorgan Chase & Co. raised Credicorp from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $232.00 to $250.00 in a report on Tuesday, August 13th. Zacks Investment Research raised Credicorp from a “sell” rating to a “hold” rating in a report on Monday. ValuEngine downgraded Credicorp from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Bank of America raised Credicorp from an “underperform” rating to a “buy” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Credicorp presently has an average rating of “Buy” and a consensus price target of $258.00.

Shares of NYSE BAP opened at $214.41 on Friday. The company has a market cap of $16.93 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.07 and a beta of 0.71. Credicorp Ltd. has a 12-month low of $199.83 and a 12-month high of $252.49. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.59. The stock’s 50 day simple moving average is $210.72 and its 200 day simple moving average is $227.55.

Credicorp (NYSE:BAP) last announced its quarterly earnings results on Thursday, August 8th. The bank reported $3.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.45). The company had revenue of $971.06 million during the quarter, compared to the consensus estimate of $1.06 billion. Credicorp had a return on equity of 16.48% and a net margin of 24.65%. As a group, equities analysts forecast that Credicorp Ltd. will post 16.52 earnings per share for the current fiscal year.

Credicorp Profile

Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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