Emerging Sovereign Group LLC Trims Stake in Credicorp Ltd. (BAP)

Emerging Sovereign Group LLC trimmed its position in shares of Credicorp Ltd. (NYSE:BAP) by 50.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,749 shares of the bank’s stock after selling 111,642 shares during the quarter. Credicorp accounts for 9.3% of Emerging Sovereign Group LLC’s portfolio, making the stock its 7th largest position. Emerging Sovereign Group LLC owned approximately 0.14% of Credicorp worth $22,296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BAP. American Century Companies Inc. boosted its position in shares of Credicorp by 710.5% during the third quarter. American Century Companies Inc. now owns 578,112 shares of the bank’s stock worth $118,525,000 after purchasing an additional 506,784 shares in the last quarter. FMR LLC boosted its position in shares of Credicorp by 14.7% during the second quarter. FMR LLC now owns 1,707,394 shares of the bank’s stock worth $306,289,000 after purchasing an additional 218,893 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Credicorp by 8.2% during the second quarter. JPMorgan Chase & Co. now owns 2,816,921 shares of the bank’s stock worth $505,327,000 after purchasing an additional 213,085 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Credicorp by 67.4% during the third quarter. Principal Financial Group Inc. now owns 476,334 shares of the bank’s stock worth $97,658,000 after purchasing an additional 191,853 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of Credicorp by 106.0% during the third quarter. APG Asset Management N.V. now owns 364,345 shares of the bank’s stock worth $74,698,000 after purchasing an additional 187,500 shares in the last quarter. 66.16% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on the stock. BidaskClub raised shares of Credicorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Zacks Investment Research cut shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Citigroup cut shares of Credicorp from a “buy” rating to a “neutral” rating in a research report on Friday, September 29th. cut shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Finally, UBS set a $219.00 price objective on shares of Credicorp and gave the company a “buy” rating in a research report on Tuesday, August 15th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $224.25.

Shares of Credicorp Ltd. (NYSE BAP) opened at $205.30 on Thursday. The company has a market cap of $16,475.85, a price-to-earnings ratio of 15.07, a P/E/G ratio of 1.19 and a beta of 0.86. Credicorp Ltd. has a 52-week low of $150.71 and a 52-week high of $215.69. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.22 and a quick ratio of 1.22.

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Credicorp Company Profile

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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