Itau Unibanco Holding S.A. Has $126.74 Million Holdings in Credicorp Ltd. $BAP

Itau Unibanco Holding S.A. decreased its holdings in Credicorp Ltd. (NYSE:BAP) by 5.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 567,024 shares of the bank’s stock after selling 33,517 shares during the quarter. Credicorp accounts for about 4.4% of Itau Unibanco Holding S.A.’s portfolio, making the stock its 5th largest holding. Itau Unibanco Holding S.A. owned approximately 0.71% of Credicorp worth $126,741,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Credicorp in the first quarter worth approximately $77,577,000. Millennium Management LLC boosted its holdings in shares of Credicorp by 853.1% in the 1st quarter. Millennium Management LLC now owns 319,076 shares of the bank’s stock worth $59,399,000 after buying an additional 285,597 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Credicorp by 654.5% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232,547 shares of the bank’s stock worth $51,979,000 after acquiring an additional 201,724 shares during the period. Bank of Nova Scotia lifted its holdings in Credicorp by 21.8% during the 1st quarter. Bank of Nova Scotia now owns 867,347 shares of the bank’s stock worth $161,465,000 after purchasing an additional 155,162 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Credicorp by 46.6% in the 2nd quarter. Acadian Asset Management LLC now owns 464,098 shares of the bank’s stock valued at $103,698,000 after purchasing an additional 147,573 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Price Performance

Credicorp stock opened at $255.13 on Friday. The firm has a fifty day moving average of $260.94 and a 200-day moving average of $238.40. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.49. Credicorp Ltd. has a 52-week low of $165.51 and a 52-week high of $280.88. The firm has a market capitalization of $20.29 billion, a P/E ratio of 12.09, a PEG ratio of 0.71 and a beta of 1.09.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, November 13th. The bank reported $6.17 earnings per share for the quarter, beating the consensus estimate of $6.05 by $0.12. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.71 billion. As a group, analysts predict that Credicorp Ltd. will post 21.9 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BAP shares. The Goldman Sachs Group upgraded Credicorp from a “sell” rating to a “neutral” rating and raised their price target for the stock from $174.00 to $225.00 in a research report on Thursday, July 24th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Credicorp in a research report on Tuesday, October 14th. UBS Group lifted their price objective on Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. HSBC cut Credicorp from a “buy” rating to a “hold” rating and raised their price target for the company from $225.00 to $255.00 in a report on Friday, September 5th. Finally, Wall Street Zen raised shares of Credicorp from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $256.20.

Credicorp Profile

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.