Lbp Am Sa Has $7.39 Million Stake in Credicorp Ltd. $BAP

Lbp Am Sa lessened its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 5.7% during the third quarter, HoldingsChannel.com reports. The firm owned 27,750 shares of the bank’s stock after selling 1,690 shares during the quarter. Lbp Am Sa’s holdings in Credicorp were worth $7,389,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Spire Wealth Management bought a new stake in shares of Credicorp in the third quarter valued at approximately $42,000. MAI Capital Management raised its holdings in Credicorp by 5,300.0% in the 2nd quarter. MAI Capital Management now owns 162 shares of the bank’s stock valued at $36,000 after acquiring an additional 159 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Credicorp during the 2nd quarter valued at $38,000. First Horizon Corp acquired a new stake in shares of Credicorp during the 3rd quarter worth $59,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Credicorp by 37.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock worth $55,000 after purchasing an additional 66 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Credicorp in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their target price on shares of Credicorp from $242.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. The Goldman Sachs Group upped their price target on shares of Credicorp from $263.00 to $293.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen cut shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Credicorp presently has an average rating of “Moderate Buy” and a consensus price target of $290.20.

Credicorp Trading Up 1.4%

BAP opened at $349.09 on Tuesday. The firm has a market capitalization of $27.77 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 0.77 and a beta of 0.89. The company’s 50 day moving average price is $287.14 and its two-hundred day moving average price is $265.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.07. Credicorp Ltd. has a fifty-two week low of $165.51 and a fifty-two week high of $350.60.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, November 13th. The bank reported $6.17 earnings per share for the quarter, topping the consensus estimate of $6.05 by $0.12. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.71 billion. Credicorp had a return on equity of 19.50% and a net margin of 23.59%. As a group, research analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Credicorp Profile

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.