Squarepoint Ops LLC Has $872,000 Position in Credicorp Ltd. (NYSE:BAP)


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Squarepoint Ops LLC reduced its stake in shares of Credicorp Ltd. (NYSE:BAP) by 58.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,318 shares of the bank’s stock after selling 7,419 shares during the quarter. Squarepoint Ops LLC’s holdings in Credicorp were worth $872,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Graves Light Private Wealth Management Inc. acquired a new stake in shares of Credicorp during the fourth quarter worth approximately $31,000. JJJ Advisors Inc. boosted its holdings in shares of Credicorp by 119.8% during the fourth quarter. JJJ Advisors Inc. now owns 288 shares of the bank’s stock worth $47,000 after purchasing an additional 157 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Credicorp during the first quarter worth approximately $72,000. Marshall Wace LLP acquired a new stake in shares of Credicorp during the first quarter worth approximately $201,000. Finally, Guggenheim Capital LLC bought a new position in Credicorp during the fourth quarter valued at approximately $224,000. Institutional investors and hedge funds own 65.74% of the company’s stock.

Several brokerages recently weighed in on BAP. Zacks Investment Research raised shares of Credicorp from a “sell” rating to a “hold” rating in a research report on Monday, February 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reaffirmed a “neutral” rating on shares of Credicorp in a research report on Wednesday, January 13th. Scotiabank reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of Credicorp in a research report on Tuesday, March 30th. Finally, Smith Barney Citigroup lowered shares of Credicorp from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $159.83.

NYSE:BAP opened at $145.39 on Thursday. Credicorp Ltd. has a 12 month low of $110.47 and a 12 month high of $172.12. The company’s 50 day moving average is $151.13 and its 200-day moving average is $145.86. The firm has a market cap of $11.60 billion, a price-to-earnings ratio of 58.16, a P/E/G ratio of 5.51 and a beta of 0.95. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.68.

Credicorp (NYSE:BAP) last announced its earnings results on Monday, February 8th. The bank reported $2.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.48. Credicorp had a net margin of 4.18% and a return on equity of 2.76%. The business had revenue of $944.10 million for the quarter, compared to analyst estimates of $1.05 billion. Research analysts predict that Credicorp Ltd. will post 0.81 EPS for the current fiscal year.

Credicorp Company Profile

Credicorp Ltd., a financial services holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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