JPMorgan Chase & Co. Sells 98,068 Shares of Credicorp Ltd. (NYSE:BAP)

JPMorgan Chase & Co. trimmed its position in shares of Credicorp Ltd. (NYSE:BAP) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,763,665 shares of the bank’s stock after selling 98,068 shares during the period. JPMorgan Chase & Co. owned approximately 2.22% of Credicorp worth $323,315,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BAP. MassMutual Private Wealth & Trust FSB raised its stake in shares of Credicorp by 37.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after buying an additional 62 shares in the last quarter. R Squared Ltd acquired a new position in Credicorp in the fourth quarter worth about $172,000. Aprio Wealth Management LLC bought a new position in Credicorp during the fourth quarter worth about $200,000. Callan Family Office LLC acquired a new stake in Credicorp during the fourth quarter valued at approximately $204,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Credicorp in the 4th quarter valued at approximately $238,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Trading Down 1.3 %

Shares of Credicorp stock opened at $188.17 on Monday. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. The stock has a market capitalization of $14.97 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. The company has a 50-day simple moving average of $185.61 and a 200 day simple moving average of $185.46. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. Research analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America downgraded Credicorp from a “buy” rating to a “neutral” rating and cut their target price for the stock from $209.00 to $208.00 in a research report on Monday, December 16th.

About Credicorp

Credicorp Ltd. 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 Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.