Swiss National Bank Sells 3,600 Shares of Credicorp Ltd. (NYSE:BAP)

Swiss National Bank reduced its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153,579 shares of the bank’s stock after selling 3,600 shares during the quarter. Swiss National Bank owned approximately 0.19% of Credicorp worth $23,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its position in Credicorp by 1.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,053,247 shares of the bank’s stock valued at $390,724,000 after purchasing an additional 55,018 shares in the last quarter. FMR LLC increased its position in shares of Credicorp by 1.4% in the third quarter. FMR LLC now owns 2,656,459 shares of the bank’s stock valued at $339,947,000 after acquiring an additional 36,795 shares during the last quarter. Westwood Global Investments LLC increased its position in shares of Credicorp by 7.6% in the third quarter. Westwood Global Investments LLC now owns 1,898,456 shares of the bank’s stock valued at $242,945,000 after acquiring an additional 134,731 shares during the last quarter. Royal Bank of Canada raised its holdings in Credicorp by 6.2% during the third quarter. Royal Bank of Canada now owns 1,286,946 shares of the bank’s stock worth $164,693,000 after acquiring an additional 75,280 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its position in Credicorp by 12.7% during the third quarter. Pzena Investment Management LLC now owns 1,036,755 shares of the bank’s stock valued at $132,674,000 after purchasing an additional 117,102 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Credicorp Price Performance

NYSE:BAP opened at $176.17 on Thursday. Credicorp Ltd. has a 12-month low of $116.42 and a 12-month high of $179.53. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 0.57 and a beta of 1.12. The stock’s 50 day moving average price is $169.64 and its two-hundred day moving average price is $151.69. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.44.

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

About Credicorp

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.