DekaBank Deutsche Girozentrale Sells 3,554 Shares of Credicorp Ltd. (NYSE:BAP)

DekaBank Deutsche Girozentrale lowered its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 12.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 24,649 shares of the bank’s stock after selling 3,554 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Credicorp were worth $3,676,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP grew its holdings in Credicorp by 171.1% during the second quarter. Quarry LP now owns 328 shares of the bank’s stock worth $48,000 after purchasing an additional 207 shares during the period. 1832 Asset Management L.P. bought a new position in Credicorp during the fourth quarter worth about $81,000. State of Wyoming bought a new position in Credicorp during the fourth quarter worth about $97,000. FNY Investment Advisers LLC bought a new stake in shares of Credicorp during the third quarter worth approximately $102,000. Finally, Quantbot Technologies LP bought a new stake in shares of Credicorp during the third quarter worth approximately $136,000. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BAP. UBS Group reduced their price objective on Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 5th. JPMorgan Chase & Co. boosted their price objective on Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Credicorp currently has an average rating of “Moderate Buy” and an average target price of $181.73.

Credicorp Trading Down 2.7 %

Shares of BAP stock opened at $165.21 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.67. The stock has a market cap of $13.14 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. The stock has a 50 day simple moving average of $168.66 and a 200 day simple moving average of $146.67. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $179.53.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.02). The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. Credicorp had a net margin of 20.17% and a return on equity of 14.68%. On average, research analysts predict that Credicorp Ltd. will post 18.4 earnings per share for the current fiscal year.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.