Mondrian Investment Partners LTD lessened its position in Credicorp Ltd. (NYSE:BAP) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 439,491 shares of the bank’s stock after selling 2,837 shares during the quarter. Credicorp makes up about 3.0% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 8th largest holding. Mondrian Investment Partners LTD’s holdings in Credicorp were worth $91,608,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bartlett & Co. LLC increased its position in Credicorp by 16.7% during the 3rd quarter. Bartlett & Co. LLC now owns 350 shares of the bank’s stock valued at $73,000 after buying an additional 50 shares in the last quarter. Parallel Advisors LLC increased its position in Credicorp by 19.9% during the 3rd quarter. Parallel Advisors LLC now owns 343 shares of the bank’s stock valued at $71,000 after buying an additional 57 shares in the last quarter. Atlas Capital Advisors LLC increased its position in Credicorp by 2.4% during the 2nd quarter. Atlas Capital Advisors LLC now owns 2,526 shares of the bank’s stock valued at $578,000 after buying an additional 60 shares in the last quarter. Huntington National Bank increased its position in Credicorp by 29.7% during the 2nd quarter. Huntington National Bank now owns 529 shares of the bank’s stock valued at $121,000 after buying an additional 121 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in Credicorp by 1.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,477 shares of the bank’s stock valued at $1,712,000 after buying an additional 122 shares in the last quarter. Institutional investors own 65.52% of the company’s stock.
A number of research analysts recently weighed in on BAP shares. ValuEngine raised Credicorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Bank of America raised Credicorp from an “underperform” rating to a “buy” rating in a research report on Thursday, September 5th. HSBC raised Credicorp from a “hold” rating to a “buy” rating and raised their price objective for the company from $245.00 to $250.00 in a research report on Tuesday, August 13th. Zacks Investment Research raised Credicorp from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised Credicorp from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $232.00 to $250.00 in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $258.00.
Shares of Credicorp stock traded down $10.58 on Friday, reaching $206.75. The company’s stock had a trading volume of 351,130 shares, compared to its average volume of 296,331. The company has a market capitalization of $16.95 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 1.07 and a beta of 0.70. The firm’s fifty day simple moving average is $210.22 and its two-hundred day simple moving average is $218.96. Credicorp Ltd. has a 52 week low of $199.83 and a 52 week high of $252.49. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.59.
Credicorp (NYSE:BAP) last posted its earnings results on Thursday, August 8th. The bank reported $3.69 EPS for the quarter, missing the Zacks’ consensus estimate of $4.14 by ($0.45). The business 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, research analysts predict that Credicorp Ltd. will post 16.52 EPS for the current year.
The firm also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Wednesday, October 23rd will be issued a $8.00 dividend. The ex-dividend date is Monday, October 21st. Credicorp’s payout ratio is 40.79%.
Credicorp Company 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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