Westwood Holdings Group Inc. trimmed its holdings in Credicorp Ltd. (NYSE:BAP) by 6.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,542 shares of the bank’s stock after selling 9,620 shares during the period. Westwood Holdings Group Inc. owned 0.18% of Credicorp worth $32,171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. raised its position in shares of Credicorp by 1,296.9% in the second quarter. Invesco Ltd. now owns 4,333,938 shares of the bank’s stock valued at $992,083,000 after buying an additional 4,023,686 shares during the last quarter. BlackRock Inc. raised its position in shares of Credicorp by 6.8% in the first quarter. BlackRock Inc. now owns 3,842,141 shares of the bank’s stock valued at $921,923,000 after buying an additional 243,191 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Credicorp by 10.5% in the second quarter. JPMorgan Chase & Co. now owns 3,086,018 shares of the bank’s stock valued at $712,871,000 after buying an additional 292,335 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Credicorp by 1.3% in the second quarter. Baillie Gifford & Co. now owns 2,056,946 shares of the bank’s stock valued at $470,855,000 after buying an additional 26,760 shares during the last quarter. Finally, FMR LLC raised its position in shares of Credicorp by 10.2% in the first quarter. FMR LLC now owns 1,834,597 shares of the bank’s stock valued at $440,211,000 after buying an additional 169,485 shares during the last quarter. Institutional investors and hedge funds own 65.63% of the company’s stock.

BAP has been the subject of a number of recent research reports. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and increased their target price for the company from $245.00 to $250.00 in a research report on Tuesday, August 13th. JPMorgan Chase & Co. upgraded shares of Credicorp from a “neutral” rating to an “overweight” rating and increased their target price for the company from $232.00 to $250.00 in a research report on Tuesday, August 13th. ValuEngine cut shares of Credicorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of Credicorp from a “sell” rating to a “hold” rating in a research report on Monday, September 9th. Finally, Bank of America upgraded shares of Credicorp from an “underperform” rating to a “buy” rating in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $258.00.

Credicorp stock traded down $2.12 during midday trading on Friday, hitting $210.00. 175,393 shares of the stock were exchanged, compared to its average volume of 247,279. Credicorp Ltd. has a fifty-two week low of $199.83 and a fifty-two week high of $252.49. The stock has a market capitalization of $16.81 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.08 and a beta of 0.71. The stock’s 50-day simple moving average is $208.97 and its 200 day simple moving average is $226.57. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.59.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Thursday, August 8th. The bank reported $3.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $971.06 million for the quarter, compared to analyst estimates of $1.06 billion. Equities analysts anticipate that Credicorp Ltd. will post 16.52 EPS for the current fiscal year.

Credicorp Company 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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