Pendal Group Ltd lowered its holdings in Credicorp Ltd. (NYSE:BAP) by 19.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,990 shares of the bank’s stock after selling 12,224 shares during the period. Pendal Group Ltd’s holdings in Credicorp were worth $11,598,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its holdings in shares of Credicorp by 14.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 2,192 shares of the bank’s stock valued at $493,000 after acquiring an additional 283 shares in the last quarter. Aviva PLC raised its holdings in shares of Credicorp by 1.8% in the 2nd quarter. Aviva PLC now owns 16,969 shares of the bank’s stock valued at $3,820,000 after acquiring an additional 300 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Credicorp by 3.3% in the 2nd quarter. Commonwealth Bank of Australia now owns 9,469 shares of the bank’s stock valued at $2,125,000 after acquiring an additional 300 shares in the last quarter. West Branch Capital LLC raised its holdings in shares of Credicorp by 3.1% in the 3rd quarter. West Branch Capital LLC now owns 10,801 shares of the bank’s stock valued at $2,409,000 after acquiring an additional 326 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of Credicorp by 7.8% in the 3rd quarter. Comerica Bank now owns 4,740 shares of the bank’s stock valued at $1,034,000 after acquiring an additional 342 shares in the last quarter. 66.18% of the stock is currently owned by hedge funds and other institutional investors.
BAP traded up $1.22 on Wednesday, hitting $231.22. 24 shares of the company were exchanged, compared to its average volume of 144,710. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.19 and a quick ratio of 1.19. Credicorp Ltd. has a 12 month low of $189.69 and a 12 month high of $239.54. The firm has a market cap of $18.28 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 1.35 and a beta of 0.79.
Credicorp (NYSE:BAP) last posted its quarterly earnings results on Thursday, August 9th. The bank reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.02. Credicorp had a return on equity of 19.58% and a net margin of 26.62%. The business had revenue of $955.13 million for the quarter. As a group, sell-side analysts anticipate that Credicorp Ltd. will post 15.77 EPS for the current year.
Several analysts have weighed in on the company. Zacks Investment Research cut Credicorp from a “buy” rating to a “hold” rating in a report on Monday, July 16th. UBS Group assumed coverage on Credicorp in a report on Friday, October 26th. They set a “neutral” rating on the stock. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Credicorp has a consensus rating of “Hold” and an average target price of $252.00.
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Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.
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