Seeyond Cuts Stock Holdings in Credicorp Ltd. (NYSE:BAP)

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Seeyond trimmed its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 60.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148 shares of the bank’s stock after selling 222 shares during the period. Seeyond’s holdings in Credicorp were worth $34,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Atlas Capital Advisors LLC raised its stake in shares of Credicorp by 2.4% during the second quarter. Atlas Capital Advisors LLC now owns 2,526 shares of the bank’s stock valued at $578,000 after acquiring an additional 60 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Credicorp by 3.0% during the first quarter. Wetherby Asset Management Inc. now owns 2,217 shares of the bank’s stock valued at $532,000 after acquiring an additional 65 shares during the last quarter. Huntington National Bank raised its stake in shares of Credicorp by 29.7% during the second quarter. Huntington National Bank now owns 529 shares of the bank’s stock valued at $121,000 after acquiring an additional 121 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Credicorp by 1.7% during the second quarter. Crossmark Global Holdings Inc. now owns 7,477 shares of the bank’s stock valued at $1,712,000 after acquiring an additional 122 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Credicorp by 1.5% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,915 shares of the bank’s stock valued at $2,270,000 after acquiring an additional 144 shares during the last quarter. Institutional investors and hedge funds own 65.63% of the company’s stock.

Several equities analysts have recently commented on the stock. Bank of America raised shares of Credicorp from an “underperform” rating to a “buy” rating in a research note on Thursday, September 5th. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and upped their price objective for the company from $245.00 to $250.00 in a research note on Tuesday, August 13th. Zacks Investment Research raised shares of Credicorp from a “sell” rating to a “hold” rating in a research note on Monday, September 9th. ValuEngine downgraded shares of Credicorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised shares of Credicorp from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $232.00 to $250.00 in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $258.00.

BAP stock traded up $0.04 during trading on Monday, reaching $215.49. The company had a trading volume of 1,868 shares, compared to its average volume of 281,055. Credicorp Ltd. has a 52 week low of $199.83 and a 52 week high of $252.49. The company has a market cap of $17.10 billion, a P/E ratio of 14.43, a PEG ratio of 1.08 and a beta of 0.71. The business has a 50 day moving average of $210.43 and a 200 day moving average of $227.40. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.09 and a quick ratio of 1.09.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, August 8th. The bank reported $3.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.14 by ($0.45). Credicorp had a return on equity of 16.48% and a net margin of 24.65%. The company had revenue of $971.06 million during the quarter, compared to the consensus estimate of $1.06 billion. Research analysts expect that Credicorp Ltd. will post 16.52 earnings per share for the current year.

Credicorp Profile

Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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