Credicorp Ltd. (NYSE:BAP) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in shares of Credicorp Ltd. (NYSE:BAP) by 23.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,478 shares of the bank’s stock after selling 15,238 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of Credicorp worth $7,268,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BAP. Alliancebernstein L.P. raised its holdings in Credicorp by 805.5% in the fourth quarter. Alliancebernstein L.P. now owns 524,862 shares of the bank’s stock valued at $71,203,000 after acquiring an additional 466,898 shares in the last quarter. Norges Bank bought a new position in Credicorp in the 4th quarter worth approximately $35,802,000. Hsbc Holdings PLC increased its holdings in shares of Credicorp by 784.5% during the third quarter. Hsbc Holdings PLC now owns 285,863 shares of the bank’s stock valued at $36,618,000 after purchasing an additional 253,544 shares during the period. Invesco Ltd. raised its position in shares of Credicorp by 354.1% during the 1st quarter. Invesco Ltd. now owns 320,381 shares of the bank’s stock worth $55,064,000 after buying an additional 249,824 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Credicorp during the third quarter worth approximately $28,384,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Up 0.9 %

Shares of Credicorp stock opened at $161.05 on Thursday. The stock has a 50-day simple moving average of $169.12 and a 200-day simple moving average of $147.45. Credicorp Ltd. has a 52-week low of $116.42 and a 52-week high of $179.53. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 0.54 and a beta of 1.13. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.08 and a quick ratio of 1.00.

Credicorp (NYSE:BAP) last posted its earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.02). The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.32 billion. Credicorp had a net margin of 20.17% and a return on equity of 14.68%. On average, equities research analysts expect that Credicorp Ltd. will post 18.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. UBS Group decreased their price objective on Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, February 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.73.

Credicorp Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.