Duality Advisers LP Sells 1,484 Shares of Credicorp Ltd. (NYSE:BAP)

Duality Advisers LP cut its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 29.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,637 shares of the bank’s stock after selling 1,484 shares during the period. Duality Advisers LP’s holdings in Credicorp were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in Credicorp by 69.2% during the fourth quarter. CWM LLC now owns 225 shares of the bank’s stock worth $34,000 after acquiring an additional 92 shares in the last quarter. Blue Trust Inc. lifted its holdings in Credicorp by 7.7% during the fourth quarter. Blue Trust Inc. now owns 1,396 shares of the bank’s stock worth $209,000 after acquiring an additional 100 shares in the last quarter. Signaturefd LLC lifted its holdings in Credicorp by 24.3% during the fourth quarter. Signaturefd LLC now owns 746 shares of the bank’s stock worth $112,000 after acquiring an additional 146 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Credicorp by 8.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,156 shares of the bank’s stock worth $276,000 after acquiring an additional 162 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Credicorp by 2.1% during the third quarter. Fifth Third Bancorp now owns 8,964 shares of the bank’s stock worth $1,147,000 after acquiring an additional 185 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on BAP. UBS Group dropped their price target on Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. JPMorgan Chase & Co. increased their price objective on Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Credicorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.73.

Credicorp Stock Down 0.3 %

Credicorp stock opened at $167.75 on Friday. The company has a fifty day simple moving average of $170.01 and a 200 day simple moving average of $149.04. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.67. Credicorp Ltd. has a 1-year low of $116.42 and a 1-year high of $179.53. The company has a market cap of $13.34 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13.

Credicorp (NYSE:BAP) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.32 billion. Research analysts anticipate that Credicorp Ltd. will post 18.4 earnings per share for the current fiscal year.

Credicorp Company Profile

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.