Gulf International Bank UK Ltd Reduces Stock Position in Credicorp Ltd. (NYSE:BAP)

Gulf International Bank UK Ltd decreased its stake in shares of Credicorp Ltd. (NYSE:BAP) by 15.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,297 shares of the bank’s stock after selling 784 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Credicorp were worth $799,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BAP. Massachusetts Financial Services Co. MA grew its holdings in Credicorp by 0.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,032,656 shares of the bank’s stock valued at $564,559,000 after buying an additional 7,692 shares in the last quarter. Itau Unibanco Holding S.A. boosted its position in shares of Credicorp by 243.8% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank’s stock valued at $290,920,000 after acquiring an additional 1,217,368 shares during the last quarter. Bank of Nova Scotia grew its holdings in shares of Credicorp by 21.8% in the first quarter. Bank of Nova Scotia now owns 867,347 shares of the bank’s stock valued at $161,465,000 after purchasing an additional 155,162 shares during the period. Price T Rowe Associates Inc. MD increased its position in Credicorp by 59.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 757,271 shares of the bank’s stock worth $138,824,000 after purchasing an additional 282,869 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in Credicorp by 2.9% during the fourth quarter. Lazard Asset Management LLC now owns 747,720 shares of the bank’s stock worth $137,070,000 after purchasing an additional 20,785 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Trading Up 0.6%

Shares of BAP stock opened at $251.84 on Friday. Credicorp Ltd. has a 1-year low of $165.18 and a 1-year high of $255.39. The firm has a market cap of $20.03 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.09. The company has a 50-day moving average of $229.05 and a two-hundred day moving average of $204.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.03 and a quick ratio of 1.03.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, August 14th. The bank reported $6.24 earnings per share for the quarter, topping analysts’ consensus estimates of $5.73 by $0.51. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Credicorp had a net margin of 20.94% and a return on equity of 16.25%. On average, analysts predict that Credicorp Ltd. will post 21.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BAP shares. Wall Street Zen cut shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Sunday, June 1st. UBS Group reiterated a “buy” rating on shares of Credicorp in a research report on Monday, June 2nd. Finally, The Goldman Sachs Group raised Credicorp from a “sell” rating to a “neutral” rating and raised their target price for the stock from $174.00 to $225.00 in a research note on Thursday, July 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $227.25.

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.