Unigestion Holding SA Sells 2,589 Shares of Credicorp Ltd. (NYSE:BAP)

Unigestion Holding SA decreased its stake in Credicorp Ltd. (NYSE:BAP) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,351 shares of the bank’s stock after selling 2,589 shares during the period. Unigestion Holding SA owned about 0.18% of Credicorp worth $30,506,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Bartlett & Co. LLC lifted its stake in Credicorp by 16.7% in the 3rd quarter. Bartlett & Co. LLC now owns 350 shares of the bank’s stock valued at $73,000 after purchasing an additional 50 shares during the last quarter. Parallel Advisors LLC lifted its stake in Credicorp by 19.9% in the 3rd quarter. Parallel Advisors LLC now owns 343 shares of the bank’s stock valued at $71,000 after purchasing an additional 57 shares during the last quarter. Sloane Robinson LLP lifted its stake in Credicorp by 5.8% in the 3rd quarter. Sloane Robinson LLP now owns 40,300 shares of the bank’s stock valued at $8,400,000 after purchasing an additional 2,200 shares during the last quarter. Atlas Capital Advisors LLC lifted its stake in Credicorp by 17.3% in the 3rd quarter. Atlas Capital Advisors LLC now owns 2,964 shares of the bank’s stock valued at $618,000 after purchasing an additional 438 shares during the last quarter. Finally, Wetherby Asset Management Inc. lifted its stake in Credicorp by 10.6% in the 3rd quarter. Wetherby Asset Management Inc. now owns 2,421 shares of the bank’s stock valued at $505,000 after purchasing an additional 232 shares during the last quarter. 65.52% of the stock is owned by institutional investors and hedge funds.

NYSE BAP traded down $10.58 on Friday, hitting $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 quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.59. Credicorp Ltd. has a 1-year low of $199.83 and a 1-year high of $252.49. The company’s 50-day moving average is $210.22 and its 200 day moving average is $218.96. The firm has a market cap of $16.95 billion, a PE ratio of 13.89, a PEG ratio of 1.07 and a beta of 0.70.

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 Thomson Reuters’ consensus estimate of $4.14 by ($0.45). Credicorp had a net margin of 24.65% and a return on equity of 16.48%. The business had revenue of $971.06 million during the quarter, compared to analyst estimates of $1.06 billion. On average, equities analysts expect that Credicorp Ltd. will post 16.52 EPS for the current year.

The firm also recently declared a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Wednesday, October 23rd will be given a $8.00 dividend. The ex-dividend date of this dividend is Monday, October 21st. Credicorp’s dividend payout ratio (DPR) is currently 40.79%.

Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Credicorp from a “sell” rating to a “hold” rating in a research report on Tuesday. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and upped their price target for the company from $245.00 to $250.00 in a research report on Tuesday, August 13th. ValuEngine upgraded shares of Credicorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Bank of America upgraded shares of Credicorp from an “underperform” rating to a “buy” rating in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. upgraded shares of Credicorp from a “neutral” rating to an “overweight” rating and upped their price target for the company from $232.00 to $250.00 in a research report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $258.00.

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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