Credicorp Ltd. (NYSE:BAP)’s share price traded down 5.5% on Thursday . The company traded as low as $196.02 and last traded at $196.74. 810,461 shares traded hands during trading, an increase of 190% from the average session volume of 279,697 shares. The stock had previously closed at $208.13.

A number of equities analysts have recently weighed in on the stock. Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating in a research note on Monday, September 18th. ValuEngine lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday. Goldman Sachs Group reiterated a “buy” rating and issued a $248.00 price objective on shares of Credicorp in a research report on Monday, September 11th. Zacks Investment Research lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Credicorp presently has an average rating of “Buy” and a consensus price target of $224.25.

The company has a market capitalization of $15,634.29, a price-to-earnings ratio of 14.30, a PEG ratio of 1.13 and a beta of 0.86. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.04.

Several hedge funds have recently made changes to their positions in BAP. Schwab Charles Investment Management Inc. lifted its holdings in shares of Credicorp by 27.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 79,622 shares of the bank’s stock worth $14,284,000 after acquiring an additional 17,073 shares during the period. First Mercantile Trust Co. increased its position in Credicorp by 54.1% during the 2nd quarter. First Mercantile Trust Co. now owns 1,425 shares of the bank’s stock worth $256,000 after purchasing an additional 500 shares in the last quarter. Legal & General Group Plc increased its position in Credicorp by 2.4% during the 2nd quarter. Legal & General Group Plc now owns 327,291 shares of the bank’s stock worth $58,714,000 after purchasing an additional 7,527 shares in the last quarter. Comerica Bank increased its position in Credicorp by 1.2% during the 2nd quarter. Comerica Bank now owns 45,144 shares of the bank’s stock worth $8,306,000 after purchasing an additional 518 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its position in Credicorp by 9.6% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 6,860 shares of the bank’s stock worth $1,231,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

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About Credicorp

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

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