WINTON GROUP Ltd Sells 6,010 Shares of Credicorp Ltd. $BAP

WINTON GROUP Ltd reduced its stake in shares of Credicorp Ltd. (NYSE:BAP) by 90.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 600 shares of the bank’s stock after selling 6,010 shares during the quarter. WINTON GROUP Ltd’s holdings in Credicorp were worth $234,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BAP. Cidel Asset Management Inc. bought a new position in Credicorp during the 2nd quarter valued at about $209,000. Allworth Financial LP grew its stake in Credicorp by 42.9% during the second quarter. Allworth Financial LP now owns 170 shares of the bank’s stock worth $66,000 after buying an additional 51 shares during the last quarter. West Family Investments Inc. acquired a new stake in shares of Credicorp during the second quarter worth approximately $218,000. Amundi raised its stake in shares of Credicorp by 26.4% in the second quarter. Amundi now owns 535,235 shares of the bank’s stock valued at $208,517,000 after acquiring an additional 111,785 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in Credicorp by 8.5% in the 2nd quarter. HighTower Advisors LLC now owns 5,184 shares of the bank’s stock valued at $2,019,000 after purchasing an additional 408 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of BAP stock opened at $381.75 on Friday. Credicorp Ltd. has a 12 month low of $230.45 and a 12 month high of $413.24. The stock has a 50-day moving average price of $383.09 and a 200 day moving average price of $358.03. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. The firm has a market cap of $36.03 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 0.75 and a beta of 0.88.

Analyst Ratings Changes

BAP has been the topic of a number of recent analyst reports. Weiss Ratings raised Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, September 3rd. The Goldman Sachs Group raised their target price on Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. UBS Group lifted their price target on Credicorp from $412.00 to $473.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Morgan Stanley raised shares of Credicorp from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $375.00 to $480.00 in a research note on Wednesday, June 17th. Finally, JPMorgan Chase & Co. upgraded shares of Credicorp from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $453.00 to $482.00 in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Credicorp has a consensus rating of “Moderate Buy” and a consensus price target of $431.80.

Credicorp Company Profile

Credicorp Ltd. (NYSE: BAP) is a financial services holding company based in Peru. Through its subsidiaries, the company provides banking, insurance, pension, investment banking and wealth management services to individuals, businesses and institutions.

Its principal banking subsidiary is Banco de Crédito del Perú (BCP), one of Peru’s major banks, which offers deposits, loans, payment services, credit cards and other financial products. Credicorp also operates Mibanco, a bank focused on microfinance and small businesses, and Grupo Pacífico, which provides property and casualty, life and health insurance products.