Credicorp Ltd. $BAP Shares Sold by Hosking Partners LLP

Hosking Partners LLP trimmed its position in Credicorp Ltd. (NYSE:BAP) by 9.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 69,120 shares of the bank’s stock after selling 6,866 shares during the quarter. Hosking Partners LLP’s holdings in Credicorp were worth $26,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAP. Pin Oak Investment Advisors Inc. purchased a new position in Credicorp during the second quarter valued at approximately $25,000. Quantbot Technologies LP bought a new position in shares of Credicorp in the second quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Credicorp in the second quarter worth approximately $27,000. GAMMA Investing LLC increased its stake in shares of Credicorp by 33.7% in the third quarter. GAMMA Investing LLC now owns 111 shares of the bank’s stock worth $42,000 after purchasing an additional 28 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Credicorp in the first quarter worth $40,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Trading Down 0.6%

BAP stock opened at $388.40 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00. Credicorp Ltd. has a 1-year low of $230.45 and a 1-year high of $413.24. The business has a 50 day simple moving average of $380.32 and a two-hundred day simple moving average of $366.51. The company has a market capitalization of $36.66 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 0.76 and a beta of 0.92.

Analyst Upgrades and Downgrades

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

Credicorp Company 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.