Los Angeles Capital Management LLC Sells 7,140 Shares of Credicorp Ltd. (NYSE:BAP)

Los Angeles Capital Management LLC lowered its stake in Credicorp Ltd. (NYSE:BAP) by 26.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,536 shares of the bank’s stock after selling 7,140 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Credicorp were worth $2,929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. CWM LLC raised its position in shares of Credicorp by 69.2% in the fourth quarter. CWM LLC now owns 225 shares of the bank’s stock worth $34,000 after buying an additional 92 shares in the last quarter. Blue Trust Inc. grew its stake in Credicorp by 7.7% in the 4th quarter. Blue Trust Inc. now owns 1,396 shares of the bank’s stock worth $209,000 after buying an additional 100 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Credicorp by 24.3% in the 4th quarter. Signaturefd LLC now owns 746 shares of the bank’s stock worth $112,000 after buying an additional 146 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Credicorp by 8.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,156 shares of the bank’s stock valued at $276,000 after buying an additional 162 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Credicorp by 2.1% during the 3rd quarter. Fifth Third Bancorp now owns 8,964 shares of the bank’s stock worth $1,147,000 after acquiring an additional 185 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BAP shares. JPMorgan Chase & Co. increased their target price on Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. UBS Group reduced their price objective on Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Credicorp has a consensus rating of “Moderate Buy” and an average target price of $181.73.

Credicorp Stock Performance

NYSE BAP opened at $169.74 on Tuesday. The company has a 50-day simple moving average of $169.66 and a two-hundred day simple moving average of $151.36. Credicorp Ltd. has a 12-month low of $116.42 and a 12-month high of $179.53. The firm has a market cap of $13.50 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.57 and a beta of 1.12. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.44.

Credicorp (NYSE:BAP) last issued its earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.02). Credicorp had a net margin of 20.17% and a return on equity of 14.68%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. On average, equities analysts forecast that Credicorp Ltd. will post 18.4 EPS for the current year.

Credicorp Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.