Credicorp Ltd. $BAP Shares Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lessened its holdings in Credicorp Ltd. (NYSE:BAP) by 21.4% during the third quarter, Holdings Channel.com reports. The firm owned 71,451 shares of the bank’s stock after selling 19,484 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Credicorp were worth $27,142,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BAP. Pin Oak Investment Advisors Inc. bought a new stake in shares of Credicorp in the 2nd quarter worth approximately $25,000. Quantbot Technologies LP purchased a new stake in shares of Credicorp in the 2nd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new position in Credicorp during the 2nd quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Credicorp during the 1st quarter valued at approximately $40,000. Finally, GAMMA Investing LLC increased its position in Credicorp by 33.7% during the 3rd quarter. GAMMA Investing LLC now owns 111 shares of the bank’s stock valued at $42,000 after buying an additional 28 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Down 0.2%

NYSE:BAP opened at $370.13 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $34.93 billion, a P/E ratio of 13.71, a P/E/G ratio of 0.72 and a beta of 0.92. Credicorp Ltd. has a fifty-two week low of $230.45 and a fifty-two week high of $413.24. The firm has a 50-day simple moving average of $379.88 and a two-hundred day simple moving average of $366.75.

Analysts Set New Price Targets

BAP has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price objective on Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. UBS Group increased their target price on Credicorp from $412.00 to $473.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings raised Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, October 9th. Finally, JPMorgan Chase & Co. upgraded Credicorp from a “neutral” rating to an “overweight” rating and raised their price target for the company from $453.00 to $482.00 in a report on Wednesday, September 16th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $431.80.

About Credicorp

Credicorp Ltd. (NYSE: BAP) is a Peru-based financial services holding company whose businesses provide banking, insurance, investment management and pension services. Its principal subsidiary is Banco de Crédito del Perú (BCP), one of Peru’s largest banks, which serves individual, business and corporate customers through deposits, lending, payments, treasury and other financial products.

Credicorp also operates Mibanco, a financial institution focused on microfinance and small businesses, and Pacífico Seguros, which offers life, health, property and casualty insurance.