Credicorp Ltd. (BAP) Shares Down 1.5%
Credicorp Ltd. (NYSE:BAP) shares dropped 1.5% on Tuesday . The company traded as low as $155.12 and last traded at $155.25, with a volume of 341,844 shares trading hands. The stock had previously closed at $157.59.
BAP has been the topic of a number of research reports. Zacks Investment Research upgraded Credicorp from a “hold” rating to a “buy” rating and set a $168.00 price objective on the stock in a report on Wednesday, July 6th. Santander lowered Credicorp from a “buy” rating to a “hold” rating in a report on Thursday, March 24th. Scotiabank initiated coverage on Credicorp in a report on Tuesday, March 15th. They issued an “outperform” rating on the stock. Finally, Barclays PLC raised their price objective on Credicorp from $146.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, March 15th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Credicorp presently has an average rating of “Buy” and a consensus price target of $157.00.
The company has a 50-day moving average of $149.28 and a 200-day moving average of $127.56. The company has a market cap of $12.35 billion and a price-to-earnings ratio of 13.47.
Credicorp (NYSE:BAP) last announced its quarterly earnings results on Friday, May 6th. The company reported $2.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.97 by $0.07. Equities research analysts expect that Credicorp Ltd. will post $12.49 earnings per share for the current year.
Other large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Credicorp by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 304,710 shares of the company’s stock valued at $29,656,000 after buying an additional 5,665 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in Credicorp by 6.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 148,597 shares of the company’s stock worth $14,461,000 after buying an additional 8,767 shares during the period. Schroder Investment Management Group raised its stake in Credicorp by 56.0% in the fourth quarter. Schroder Investment Management Group now owns 142,197 shares of the company’s stock worth $13,838,000 after buying an additional 51,054 shares during the period. Trilogy Global Advisors LP raised its stake in Credicorp by 74.1% in the fourth quarter. Trilogy Global Advisors LP now owns 488,912 shares of the company’s stock worth $47,579,000 after buying an additional 208,077 shares during the period. Finally, Aberdeen Asset Management PLC UK raised its stake in Credicorp by 2.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 47,308 shares of the company’s stock worth $5,416,000 after buying an additional 1,308 shares during the period.
Credicorp Ltd. is a financial services holding company in Peru. The Company is has four operating segments based on its products and services. Its operational segments include banking, insurance, pension funds and investment banking. The Company’s five principal operating subsidiaries include Banco de Credito del Peru (BCP); Atlantic Security Bank (ASB), which it holds through Atlantic Security Holding Corporation (ASHC); El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP, and Credicorp Capital.
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