Desjardins Global Asset Management Inc. Has $91,000 Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Desjardins Global Asset Management Inc. cut its stake in shares of Credicorp Ltd. (NYSE:BAP) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 606 shares of the bank’s stock after selling 88 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Credicorp were worth $91,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP raised its position in shares of Credicorp by 171.1% during the second quarter. Quarry LP now owns 328 shares of the bank’s stock worth $48,000 after purchasing an additional 207 shares during the period. 1832 Asset Management L.P. purchased a new position in shares of Credicorp during the fourth quarter valued at $81,000. State of Wyoming purchased a new position in shares of Credicorp during the fourth quarter valued at $97,000. Janiczek Wealth Management LLC grew its holdings in shares of Credicorp by 25.2% during the fourth quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock valued at $146,000 after buying an additional 196 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Credicorp by 20.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank’s stock valued at $179,000 after buying an additional 173 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Performance

BAP opened at $164.96 on Friday. The company has a market cap of $13.12 billion, a PE ratio of 10.55, a price-to-earnings-growth ratio of 0.55 and a beta of 1.13. The stock has a 50-day moving average of $169.53 and a 200-day moving average of $147.84. Credicorp Ltd. has a 52-week low of $116.42 and a 52-week high of $179.53. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.00 and a current ratio of 1.08.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.02). The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. Credicorp had a return on equity of 14.68% and a net margin of 20.17%. As a group, equities research analysts forecast that Credicorp Ltd. will post 18.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group lowered their price target on Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, February 5th. JPMorgan Chase & Co. boosted their target price on Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. One investment 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.73.

About Credicorp

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.