Fmr LLC lowered its stake in Credicorp Ltd. (NYSE:BAP) by 1.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,611,294 shares of the bank’s stock after selling 27,370 shares during the quarter. Fmr LLC’s holdings in Credicorp were worth $362,734,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. boosted its holdings in shares of Credicorp by 28.0% during the 1st quarter. OppenheimerFunds Inc. now owns 2,548,203 shares of the bank’s stock valued at $578,543,000 after buying an additional 556,983 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Credicorp by 45.8% during the 2nd quarter. Baillie Gifford & Co. now owns 1,762,130 shares of the bank’s stock valued at $396,691,000 after buying an additional 553,168 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Credicorp by 0.3% during the 2nd quarter. Fisher Asset Management LLC now owns 1,286,025 shares of the bank’s stock valued at $289,510,000 after buying an additional 3,442 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Credicorp by 3.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 885,313 shares of the bank’s stock valued at $199,302,000 after buying an additional 30,860 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Credicorp by 0.6% during the 1st quarter. American Century Companies Inc. now owns 695,807 shares of the bank’s stock valued at $157,976,000 after buying an additional 4,475 shares in the last quarter. Institutional investors and hedge funds own 66.66% of the company’s stock.

Shares of BAP stock opened at $211.79 on Wednesday. Credicorp Ltd. has a 12 month low of $189.69 and a 12 month high of $239.54. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.89.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, August 9th. The bank reported $3.76 EPS for the quarter, beating the Zacks’ consensus estimate of $3.74 by $0.02. Credicorp had a net margin of 26.62% and a return on equity of 19.58%. The firm had revenue of $955.13 million for the quarter. analysts expect that Credicorp Ltd. will post 15.77 earnings per share for the current year.

BAP has been the topic of a number of research reports. Zacks Investment Research cut shares of Credicorp from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. Credit Suisse Group boosted their target price on shares of Credicorp from $240.00 to $258.00 and gave the company an “outperform” rating in a report on Friday, May 25th. Finally, ValuEngine cut shares of Credicorp from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $250.67.

Credicorp Company Profile

Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.

Further Reading: Stop Order

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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