Fourth Sail Capital LP Has $16.78 Million Holdings in Credicorp Ltd. $BAP

Fourth Sail Capital LP cut its position in Credicorp Ltd. (NYSE:BAP) by 51.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 75,065 shares of the bank’s stock after selling 78,300 shares during the period. Credicorp makes up about 3.5% of Fourth Sail Capital LP’s investment portfolio, making the stock its 15th largest position. Fourth Sail Capital LP’s holdings in Credicorp were worth $16,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BAP. SVB Wealth LLC acquired a new stake in Credicorp in the 1st quarter valued at about $35,000. Cullen Frost Bankers Inc. bought a new stake in shares of Credicorp during the 1st quarter valued at $40,000. First Horizon Advisors Inc. grew its stake in Credicorp by 33.5% during the second quarter. First Horizon Advisors Inc. now owns 283 shares of the bank’s stock worth $63,000 after buying an additional 71 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Credicorp in the first quarter valued at approximately $78,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Credicorp during the 1st quarter worth $88,000. 89.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BAP has been the subject of several research reports. Citigroup increased their price objective on shares of Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. UBS Group lifted their price objective on shares of Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Hsbc Global Res upgraded shares of Credicorp to a “hold” rating in a research note on Friday, September 5th. Zacks Research upgraded Credicorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. Finally, The Goldman Sachs Group raised shares of Credicorp from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $174.00 to $225.00 in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $250.00.

Credicorp Price Performance

BAP stock opened at $259.14 on Monday. The firm has a 50 day moving average of $261.19 and a 200-day moving average of $236.60. The firm has a market capitalization of $20.61 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 0.71 and a beta of 1.09. Credicorp Ltd. has a 12 month low of $165.51 and a 12 month high of $280.88. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49.

Credicorp (NYSE:BAP) last posted its earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.51. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.52 billion. As a group, sell-side analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

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.