Credicorp Ltd. $BAP Stake Lessened by Compass Group LLC

Compass Group LLC lessened its holdings in Credicorp Ltd. (NYSE:BAP) by 91.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,271 shares of the bank’s stock after selling 34,872 shares during the period. Credicorp comprises about 29.5% of Compass Group LLC’s portfolio, making the stock its 2nd largest holding. Compass Group LLC’s holdings in Credicorp were worth $871,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BAP. Principal Financial Group Inc. lifted its position in shares of Credicorp by 42.2% during the 3rd quarter. Principal Financial Group Inc. now owns 291,175 shares of the bank’s stock valued at $77,534,000 after buying an additional 86,340 shares in the last quarter. Nordea Investment Management AB raised its position in Credicorp by 17.4% during the third quarter. Nordea Investment Management AB now owns 27,953 shares of the bank’s stock worth $7,479,000 after acquiring an additional 4,140 shares during the period. Summitry LLC purchased a new position in Credicorp during the second quarter valued at $257,000. Asset Management One Co. Ltd. grew its position in shares of Credicorp by 19.3% in the third quarter. Asset Management One Co. Ltd. now owns 12,516 shares of the bank’s stock valued at $3,333,000 after purchasing an additional 2,023 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Credicorp by 25.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 291,237 shares of the bank’s stock valued at $77,551,000 after purchasing an additional 58,690 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Trading Down 1.5%

Shares of Credicorp stock opened at $334.09 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.07. The stock’s 50 day simple moving average is $332.05 and its 200-day simple moving average is $286.65. The stock has a market cap of $26.57 billion, a P/E ratio of 13.74, a P/E/G ratio of 0.77 and a beta of 0.87. Credicorp Ltd. has a 1-year low of $165.51 and a 1-year high of $380.20.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Tuesday, February 17th. The bank reported $5.88 EPS for the quarter, missing analysts’ consensus estimates of $6.61 by ($0.73). The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Credicorp had a return on equity of 20.43% and a net margin of 24.53%. Analysts predict that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BAP shares. Weiss Ratings restated a “buy (b)” rating on shares of Credicorp in a research report on Monday, December 29th. Wall Street Zen downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. JPMorgan Chase & Co. lifted their price target on Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. The Goldman Sachs Group boosted their price target on Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Finally, Zacks Research lowered Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $297.60.

Credicorp Company Profile

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.