Credicorp Ltd. $BAP Shares Sold by MQS Management LLC

MQS Management LLC reduced its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 67.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 932 shares of the bank’s stock after selling 1,890 shares during the period. MQS Management LLC’s holdings in Credicorp were worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of Credicorp in the first quarter worth about $35,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Credicorp in the first quarter worth about $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Credicorp in the first quarter worth about $78,000. Advisors Asset Management Inc. purchased a new stake in shares of Credicorp in the first quarter worth about $88,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Credicorp in the first quarter worth about $108,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Performance

NYSE BAP opened at $260.76 on Wednesday. The company has a market cap of $20.74 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11. The stock’s 50 day simple moving average is $260.13 and its 200-day simple moving average is $232.10. Credicorp Ltd. has a 1-year low of $165.51 and a 1-year high of $280.88. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.08.

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

Analyst Ratings Changes

A number of brokerages have recently commented on BAP. UBS Group upped their target price on Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. HSBC downgraded Credicorp from a “buy” rating to a “hold” rating and increased their price target for the stock from $225.00 to $255.00 in a research report on Friday, September 5th. The Goldman Sachs Group upgraded Credicorp from a “sell” rating to a “neutral” rating and increased their price target for the stock from $174.00 to $225.00 in a research report on Thursday, July 24th. Wall Street Zen upgraded Credicorp from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Finally, Zacks Research upgraded Credicorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Credicorp has a consensus rating of “Moderate Buy” and an average target price of $250.00.

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.