William Blair Investment Management LLC Sells 52,660 Shares of Credicorp Ltd. $BAP

William Blair Investment Management LLC decreased its position in Credicorp Ltd. (NYSE:BAP) by 6.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 767,413 shares of the bank’s stock after selling 52,660 shares during the period. William Blair Investment Management LLC owned about 0.96% of Credicorp worth $220,248,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in Credicorp in the 3rd quarter valued at approximately $35,000. Raymond James Financial Inc. bought a new stake in Credicorp in the 2nd quarter valued at approximately $38,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Credicorp in the 4th quarter valued at approximately $46,000. Quarry LP bought a new stake in Credicorp in the 3rd quarter valued at approximately $46,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Credicorp by 44.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 188 shares of the bank’s stock valued at $54,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Down 3.1%

BAP stock opened at $333.30 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $31.46 billion, a PE ratio of 12.85, a PEG ratio of 0.75 and a beta of 0.87. Credicorp Ltd. has a 1-year low of $201.33 and a 1-year high of $380.20. The business’s 50 day simple moving average is $330.67 and its 200 day simple moving average is $313.68.

Credicorp (NYSE:BAP) last posted its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. The business had revenue of $1.81 billion for the quarter. Credicorp had a return on equity of 20.61% and a net margin of 24.81%. As a group, research analysts anticipate that Credicorp Ltd. will post 29.38 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on BAP shares. HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and boosted their target price for the company from $320.00 to $350.00 in a research note on Tuesday. Zacks Research cut Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. UBS Group boosted their target price on Credicorp from $318.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings upgraded Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, May 15th. Finally, The Goldman Sachs Group boosted their target price on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $334.60.

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.