Mondrian Investment Partners LTD Sells 42,340 Shares of Credicorp Ltd. $BAP

Mondrian Investment Partners LTD decreased its holdings in Credicorp Ltd. (NYSE:BAP) by 14.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 251,379 shares of the bank’s stock after selling 42,340 shares during the quarter. Mondrian Investment Partners LTD’s holdings in Credicorp were worth $72,146,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Credicorp by 42.2% in the 3rd quarter. Principal Financial Group Inc. now owns 291,175 shares of the bank’s stock valued at $77,534,000 after acquiring an additional 86,340 shares in the last quarter. Sovran Advisors LLC bought a new position in Credicorp in the 4th quarter valued at about $1,358,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in Credicorp by 25.2% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 291,237 shares of the bank’s stock valued at $77,551,000 after acquiring an additional 58,690 shares in the last quarter. ARGA Investment Management LP lifted its position in Credicorp by 1.3% in the 3rd quarter. ARGA Investment Management LP now owns 698,267 shares of the bank’s stock valued at $185,935,000 after acquiring an additional 8,758 shares in the last quarter. Finally, Marshall Financial Group LLC bought a new position in Credicorp in the 4th quarter valued at about $912,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Trading Down 3.1%

NYSE:BAP opened at $333.30 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $31.46 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87. Credicorp Ltd. has a 52 week low of $201.33 and a 52 week high of $380.20. The firm has a 50-day moving average price of $330.67 and a two-hundred day moving average price of $313.68.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 EPS for the quarter. The firm had revenue of $1.81 billion during the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. On average, equities analysts expect that Credicorp Ltd. will post 29.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BAP shares. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and raised their price target for the company from $320.00 to $350.00 in a research report on Tuesday. The Goldman Sachs Group raised their price target on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Zacks Research lowered shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. UBS Group increased their price objective on shares of Credicorp from $318.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings upgraded shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Credicorp currently has an average rating of “Moderate Buy” and an average target price of $334.60.

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.