Credicorp Ltd. $BAP Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG reduced its position in Credicorp Ltd. (NYSE:BAP) by 31.4% in the 2nd quarter, Holdings Channel reports. The fund owned 10,930 shares of the bank’s stock after selling 5,000 shares during the period. Raiffeisen Bank International AG’s holdings in Credicorp were worth $4,205,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Credicorp during the 2nd quarter worth $1,933,666,000. Capital World Investors grew its position in shares of Credicorp by 34.7% in the fourth quarter. Capital World Investors now owns 2,195,404 shares of the bank’s stock valued at $630,081,000 after purchasing an additional 565,490 shares during the period. Royal Bank of Canada grew its position in shares of Credicorp by 0.8% in the first quarter. Royal Bank of Canada now owns 1,721,926 shares of the bank’s stock valued at $584,042,000 after purchasing an additional 13,249 shares during the period. Invesco Ltd. increased its stake in Credicorp by 2.3% in the fourth quarter. Invesco Ltd. now owns 1,380,791 shares of the bank’s stock valued at $396,287,000 after purchasing an additional 31,383 shares during the last quarter. Finally, State Street Corp increased its stake in Credicorp by 5.5% in the fourth quarter. State Street Corp now owns 1,336,882 shares of the bank’s stock valued at $383,685,000 after purchasing an additional 69,329 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on BAP shares. Weiss Ratings downgraded Credicorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Morgan Stanley upgraded Credicorp from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $375.00 to $480.00 in a report on Wednesday, June 17th. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and upped their price objective for the company from $320.00 to $350.00 in a research note on Tuesday, May 19th. JPMorgan Chase & Co. lowered shares of Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price objective on the stock. in a report on Monday, June 15th. Finally, The Goldman Sachs Group boosted their target price on shares of Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $418.40.

Credicorp Price Performance

Credicorp stock opened at $382.97 on Friday. The firm has a fifty day moving average of $385.33 and a 200-day moving average of $355.76. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. Credicorp Ltd. has a 52-week low of $230.45 and a 52-week high of $413.24. The firm has a market capitalization of $36.15 billion, a P/E ratio of 14.19, a PEG ratio of 0.75 and a beta of 0.88.

About Credicorp

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.