Credicorp Ltd. $BAP Shares Sold by Ativo Capital Management LLC

Ativo Capital Management LLC lessened its holdings in Credicorp Ltd. (NYSE:BAP) by 21.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,610 shares of the bank’s stock after selling 6,860 shares during the period. Credicorp accounts for about 4.9% of Ativo Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding. Ativo Capital Management LLC’s holdings in Credicorp were worth $5,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Credicorp by 171.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 119,492 shares of the bank’s stock worth $26,603,000 after buying an additional 75,487 shares during the last quarter. Natural Investments LLC lifted its position in shares of Credicorp by 7.4% in the second quarter. Natural Investments LLC now owns 3,239 shares of the bank’s stock worth $723,000 after buying an additional 222 shares during the last quarter. Aberdeen Group plc lifted its holdings in Credicorp by 2.6% in the 2nd quarter. Aberdeen Group plc now owns 265,179 shares of the bank’s stock worth $59,584,000 after purchasing an additional 6,693 shares during the last quarter. Blue Trust Inc. lifted its holdings in Credicorp by 9.2% in the 2nd quarter. Blue Trust Inc. now owns 2,798 shares of the bank’s stock worth $625,000 after purchasing an additional 235 shares during the last quarter. Finally, Callan Family Office LLC lifted its holdings in Credicorp by 232.0% in the 2nd quarter. Callan Family Office LLC now owns 3,599 shares of the bank’s stock worth $804,000 after purchasing an additional 2,515 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BAP shares. The Goldman Sachs Group upgraded Credicorp from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $174.00 to $225.00 in a report on Thursday, July 24th. UBS Group boosted their price objective on shares of Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Wall Street Zen upgraded shares of Credicorp from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Hsbc Global Res raised shares of Credicorp to a “hold” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Credicorp in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Credicorp has an average rating of “Moderate Buy” and a consensus target price of $250.00.

Credicorp Trading Up 1.2%

Shares of BAP opened at $257.98 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49. The stock has a 50 day simple moving average of $258.71 and a 200-day simple moving average of $226.32. Credicorp Ltd. has a 1 year low of $165.51 and a 1 year high of $280.88. The stock has a market cap of $20.52 billion, a PE ratio of 12.23, a PEG ratio of 0.69 and a beta of 1.11.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Thursday, August 14th. The bank reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.51. Credicorp had a return on equity of 17.94% and a net margin of 23.22%.The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.52 billion. On average, sell-side analysts predict that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.