Credicorp Ltd. $BAP is Compass Group LLC’s 2nd Largest Position

Compass Group LLC trimmed its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 91.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,271 shares of the bank’s stock after selling 34,872 shares during the quarter. Credicorp accounts for about 29.5% of Compass Group LLC’s portfolio, making the stock its 2nd largest position. Compass Group LLC’s holdings in Credicorp were worth $871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. One Wealth Advisors LLC grew its stake in shares of Credicorp by 2.5% during the third quarter. One Wealth Advisors LLC now owns 1,781 shares of the bank’s stock worth $474,000 after acquiring an additional 43 shares during the last quarter. Blue Trust Inc. boosted its stake in Credicorp by 1.6% in the 3rd quarter. Blue Trust Inc. now owns 2,843 shares of the bank’s stock worth $757,000 after purchasing an additional 45 shares in the last quarter. Rhumbline Advisers grew its position in Credicorp by 0.4% during the 3rd quarter. Rhumbline Advisers now owns 14,412 shares of the bank’s stock worth $3,838,000 after purchasing an additional 59 shares during the last quarter. Aprio Wealth Management LLC increased its stake in Credicorp by 5.2% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,317 shares of the bank’s stock valued at $351,000 after purchasing an additional 65 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Credicorp by 37.1% in the second quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock worth $55,000 after buying an additional 66 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BAP shares. Weiss Ratings reissued a “buy (b)” rating on shares of Credicorp in a report on Monday, December 29th. The Goldman Sachs Group lifted their price target on Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. increased their price objective on Credicorp from $242.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Zacks Research cut Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Wall Street Zen downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Credicorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $297.60.

Credicorp Stock Down 1.5%

Credicorp stock opened at $334.09 on Friday. The business’s 50-day moving average price is $332.05 and its 200 day moving average price is $286.65. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. The firm has a market cap of $26.57 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.77 and a beta of 0.87. Credicorp Ltd. has a 52 week low of $165.51 and a 52 week high of $380.20.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Tuesday, February 17th. The bank reported $5.88 EPS for the quarter, missing the consensus estimate of $6.61 by ($0.73). The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Credicorp had a return on equity of 20.43% and a net margin of 24.53%. As a group, sell-side analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Credicorp Profile

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.