Credicorp Ltd. (NYSE:BAP) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its holdings in shares of Credicorp Ltd. (NYSE:BAP – Get Rating) by 40.2% during the 3rd quarter, Holdings Channel reports. The firm owned 526,793 shares of the bank’s stock after selling 354,099 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Credicorp were worth $64,692,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Credicorp during the first quarter worth approximately $1,340,000. PNC Financial Services Group Inc. increased its stake in shares of Credicorp by 20.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank’s stock worth $179,000 after buying an additional 173 shares during the period. Rhumbline Advisers purchased a new stake in shares of Credicorp during the first quarter worth approximately $234,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Credicorp during the first quarter worth approximately $468,000. Finally, Yousif Capital Management LLC increased its stake in shares of Credicorp by 40.2% during the first quarter. Yousif Capital Management LLC now owns 4,084 shares of the bank’s stock worth $702,000 after buying an additional 1,170 shares during the period. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Credit Suisse Group assumed coverage on shares of Credicorp in a research note on Tuesday, December 13th. They set an “outperform” rating and a $142.00 target price on the stock. Itau BBA Securities upgraded shares of Credicorp from a “market perform” rating to an “outperform” rating and set a $156.00 price target on the stock in a research note on Tuesday, January 3rd.

Credicorp Stock Performance

Shares of Credicorp stock opened at $126.57 on Tuesday. The firm has a market capitalization of $10.07 billion, a P/E ratio of 8.36, a P/E/G ratio of 0.44 and a beta of 0.91. Credicorp Ltd. has a 52 week low of $113.21 and a 52 week high of $182.11. The company has a quick ratio of 1.13, a current ratio of 1.05 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average is $136.07 and its two-hundred day moving average is $137.07.

Credicorp Profile

(Get Rating)

Credicorp Ltd. operates as a holding company, which engages in the provision of financial services. It operates through the following segments: Universal Banking; Microfinance; Insurance and Pensions; and Investment Banking and Wealth Management. The Universal Banking segment focuses on lending and investment services.