Walleye Capital LLC Sells 13,678 Shares of Credicorp Ltd. $BAP

Walleye Capital LLC reduced its position in Credicorp Ltd. (NYSE:BAP) by 91.5% during the first quarter, Holdings Channel reports. The institutional investor owned 1,274 shares of the bank’s stock after selling 13,678 shares during the quarter. Walleye Capital LLC’s holdings in Credicorp were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN boosted its stake in Credicorp by 45.7% in the 4th quarter. Wells Fargo & Company MN now owns 692 shares of the bank’s stock worth $127,000 after purchasing an additional 217 shares in the last quarter. First Trust Advisors LP boosted its stake in Credicorp by 42.0% in the 4th quarter. First Trust Advisors LP now owns 3,298 shares of the bank’s stock worth $605,000 after purchasing an additional 975 shares in the last quarter. Jane Street Group LLC boosted its stake in Credicorp by 250.7% in the 4th quarter. Jane Street Group LLC now owns 18,995 shares of the bank’s stock worth $3,482,000 after purchasing an additional 13,579 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Credicorp by 119.4% in the 4th quarter. BNP Paribas Financial Markets now owns 38,510 shares of the bank’s stock worth $7,060,000 after purchasing an additional 20,960 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in Credicorp by 4.5% in the 4th quarter. Captrust Financial Advisors now owns 5,339 shares of the bank’s stock worth $979,000 after purchasing an additional 230 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Trading Down 0.7%

NYSE BAP opened at $259.80 on Friday. The company has a market capitalization of $20.66 billion, a PE ratio of 14.13, a P/E/G ratio of 0.72 and a beta of 1.12. The company has a fifty day moving average of $239.43 and a 200 day moving average of $211.20. Credicorp Ltd. has a 1 year low of $165.51 and a 1 year high of $263.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.08.

Credicorp (NYSE:BAP) last posted its earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share for the quarter, beating the consensus estimate of $5.73 by $0.51. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.52 billion. Credicorp had a net margin of 20.94% and a return on equity of 16.25%. Research analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on BAP. The Goldman Sachs Group upgraded shares of Credicorp from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $174.00 to $225.00 in a research note on Thursday, July 24th. UBS Group reiterated a “buy” rating on shares of Credicorp in a research note on Monday, June 2nd. Citigroup lifted their target price on shares of Credicorp from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen raised shares of Credicorp from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $236.80.

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.