Boston Partners Sells 2,314 Shares of Credicorp Ltd. (BAP)

Boston Partners trimmed its stake in shares of Credicorp Ltd. (NYSE:BAP) by 11.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,686 shares of the bank’s stock after selling 2,314 shares during the quarter. Boston Partners’ holdings in Credicorp were worth $3,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in BAP. Advisor Group Inc. increased its position in shares of Credicorp by 143.0% during the 2nd quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock valued at $130,000 after purchasing an additional 426 shares during the period. Blair William & Co. IL bought a new stake in shares of Credicorp during the 2nd quarter worth $239,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Credicorp during the 2nd quarter worth $247,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Credicorp during the 3rd quarter worth $251,000. Finally, First Mercantile Trust Co. boosted its stake in shares of Credicorp by 54.1% during the 2nd quarter. First Mercantile Trust Co. now owns 1,425 shares of the bank’s stock worth $256,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

Credicorp Ltd. (NYSE:BAP) traded down $2.11 during mid-day trading on Monday, reaching $209.11. 243,137 shares of the company traded hands, compared to its average volume of 278,119. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.04. Credicorp Ltd. has a 1 year low of $150.71 and a 1 year high of $215.69. The company has a market cap of $16,784.97, a PE ratio of 15.35, a PEG ratio of 1.21 and a beta of 0.86.

BAP has been the subject of several recent analyst reports. BidaskClub raised Credicorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Zacks Investment Research cut Credicorp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. UBS set a $219.00 target price on Credicorp and gave the company a “buy” rating in a report on Tuesday, August 15th. Goldman Sachs Group reiterated a “buy” rating and issued a $248.00 price objective on shares of Credicorp in a research note on Monday, September 11th. Finally, Bank of America lowered Credicorp from a “buy” rating to a “neutral” rating in a research note on Monday, September 18th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Credicorp currently has a consensus rating of “Buy” and a consensus price target of $224.25.

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About Credicorp

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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