Liontrust Investment Partners LLP Has $11.30 Million Stock Position in Credicorp Ltd. $BAP

Liontrust Investment Partners LLP lessened its stake in shares of Credicorp Ltd. (NYSE:BAP) by 4.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,564 shares of the bank’s stock after selling 2,263 shares during the quarter. Liontrust Investment Partners LLP owned approximately 0.06% of Credicorp worth $11,302,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BAP. Royal Bank of Canada grew its position in Credicorp by 0.9% during the 1st quarter. Royal Bank of Canada now owns 1,695,980 shares of the bank’s stock worth $315,724,000 after acquiring an additional 14,852 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Credicorp by 4.2% during the second quarter. JPMorgan Chase & Co. now owns 1,650,293 shares of the bank’s stock worth $368,873,000 after purchasing an additional 67,249 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Credicorp by 1.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,343,531 shares of the bank’s stock valued at $250,112,000 after buying an additional 13,592 shares during the period. State Street Corp raised its holdings in Credicorp by 1.6% in the 2nd quarter. State Street Corp now owns 1,197,536 shares of the bank’s stock valued at $267,673,000 after buying an additional 19,361 shares during the last quarter. Finally, Bank of Nova Scotia raised its holdings in Credicorp by 17.1% in the 2nd quarter. Bank of Nova Scotia now owns 1,015,409 shares of the bank’s stock valued at $226,964,000 after buying an additional 148,062 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Performance

BAP stock opened at $282.17 on Friday. The firm has a market cap of $22.44 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.72 and a beta of 0.90. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $259.60 and a 200-day moving average price of $246.69. Credicorp Ltd. has a 1-year low of $165.51 and a 1-year high of $285.50.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BAP shares. UBS Group upped their price target on shares of Credicorp from $257.00 to $318.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Wall Street Zen raised shares of Credicorp from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. raised their target price on Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. HSBC lowered Credicorp from a “buy” rating to a “hold” rating and upped their price target for the company from $225.00 to $255.00 in a research report on Friday, September 5th. Finally, Hsbc Global Res upgraded Credicorp to a “hold” rating in a research report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $265.17.

Credicorp Company 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.