Desjardins Global Asset Management Inc. Has $91,000 Holdings in Credicorp Ltd. (NYSE:BAP)

Desjardins Global Asset Management Inc. lessened its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 606 shares of the bank’s stock after selling 88 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Credicorp were worth $91,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BAP. Quarry LP raised its stake in shares of Credicorp by 171.1% in the 2nd quarter. Quarry LP now owns 328 shares of the bank’s stock valued at $48,000 after purchasing an additional 207 shares during the period. 1832 Asset Management L.P. acquired a new stake in shares of Credicorp in the 4th quarter valued at about $81,000. State of Wyoming acquired a new stake in shares of Credicorp in the 4th quarter valued at about $97,000. Janiczek Wealth Management LLC raised its stake in shares of Credicorp by 25.2% in the 4th quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock valued at $146,000 after purchasing an additional 196 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Credicorp by 20.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank’s stock valued at $179,000 after purchasing an additional 173 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Trading Up 1.9 %

Credicorp stock opened at $164.96 on Friday. Credicorp Ltd. has a 52 week low of $116.42 and a 52 week high of $179.53. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.00 and a current ratio of 1.08. The stock has a market capitalization of $13.12 billion, a P/E ratio of 10.55, a PEG ratio of 0.55 and a beta of 1.13. The stock has a 50-day simple moving average of $169.53 and a 200 day simple moving average of $147.84.

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

Wall Street Analysts Forecast Growth

BAP has been the topic of several recent research reports. UBS Group decreased their price objective on Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 5th. JPMorgan Chase & Co. raised their price objective on Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $181.73.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.