Robeco Institutional Asset Management B.V. Sells 109,095 Shares of Credicorp Ltd. $BAP

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 20.8% during the third quarter, HoldingsChannel.com reports. The fund owned 415,392 shares of the bank’s stock after selling 109,095 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Credicorp were worth $157,795,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Genesee Capital Advisors LLC increased its position in shares of Credicorp by 4.2% during the 3rd quarter. Genesee Capital Advisors LLC now owns 2,778 shares of the bank’s stock valued at $1,055,000 after purchasing an additional 113 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Credicorp by 3.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,817 shares of the bank’s stock worth $1,450,000 after purchasing an additional 117 shares during the period. SteelPeak Wealth LLC raised its stake in shares of Credicorp by 4.2% during the 3rd quarter. SteelPeak Wealth LLC now owns 2,520 shares of the bank’s stock worth $957,000 after purchasing an additional 101 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of Credicorp by 32.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 336,054 shares of the bank’s stock worth $127,657,000 after buying an additional 81,910 shares during the last quarter. Finally, Ninety One UK Ltd boosted its holdings in shares of Credicorp by 31.5% in the 3rd quarter. Ninety One UK Ltd now owns 458,660 shares of the bank’s stock worth $174,231,000 after buying an additional 109,905 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Credicorp Stock Performance

Shares of BAP stock opened at $388.40 on Thursday. The firm’s 50 day moving average is $380.32 and its 200 day moving average is $366.51. The stock has a market capitalization of $36.66 billion, a P/E ratio of 14.39, a PEG ratio of 0.76 and a beta of 0.92. Credicorp Ltd. has a 12 month low of $230.45 and a 12 month high of $413.24. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38.

Credicorp Profile

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.