Credicorp Ltd. (BAP) Holdings Lowered by Van ECK Associates Corp

Van ECK Associates Corp lowered its position in shares of Credicorp Ltd. (NYSE:BAP) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,175 shares of the bank’s stock after selling 600 shares during the quarter. Van ECK Associates Corp owned 0.15% of Credicorp worth $24,843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Credicorp by 8.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,816,921 shares of the bank’s stock worth $505,327,000 after purchasing an additional 213,085 shares during the period. Vanguard Group Inc. grew its stake in Credicorp by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,406,803 shares of the bank’s stock valued at $431,756,000 after buying an additional 95,458 shares in the last quarter. FMR LLC grew its stake in Credicorp by 14.7% in the 2nd quarter. FMR LLC now owns 1,707,394 shares of the bank’s stock valued at $306,289,000 after buying an additional 218,893 shares in the last quarter. Nordea Investment Management AB grew its stake in Credicorp by 1.3% in the 2nd quarter. Nordea Investment Management AB now owns 1,333,036 shares of the bank’s stock valued at $239,133,000 after buying an additional 16,691 shares in the last quarter. Finally, Harding Loevner LP grew its stake in Credicorp by 1.4% in the 2nd quarter. Harding Loevner LP now owns 1,034,758 shares of the bank’s stock valued at $185,625,000 after buying an additional 14,620 shares in the last quarter. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on BAP shares. HSBC Holdings PLC lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. BidaskClub upgraded shares of Credicorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. Citigroup Inc. lowered shares of Credicorp from a “buy” rating to a “neutral” rating in a research note on Friday, September 29th. Zacks Investment Research lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, UBS AG set a $219.00 price objective on shares of Credicorp and gave the company a “buy” rating in a research note on Tuesday, August 15th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Credicorp has an average rating of “Buy” and an average price target of $224.25.

Credicorp Ltd. (NYSE:BAP) opened at $213.79 on Friday. The company has a market cap of $16,989.25, a price-to-earnings ratio of 15.54, a PEG ratio of 1.23 and a beta of 0.84. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.04. Credicorp Ltd. has a 1 year low of $148.44 and a 1 year high of $214.28.

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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.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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