Credicorp Ltd. $BAP Stock Sold by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its position in Credicorp Ltd. (NYSE:BAP) by 20.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 665,785 shares of the bank’s stock after selling 170,784 shares during the quarter. Pzena Investment Management LLC’s holdings in Credicorp were worth $252,912,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Credicorp during the 3rd quarter worth $60,000. Aprio Wealth Management LLC raised its holdings in shares of Credicorp by 1.9% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,548 shares of the bank’s stock valued at $588,000 after purchasing an additional 29 shares in the last quarter. Ashoka WhiteOak Capital Pte Ltd raised its holdings in shares of Credicorp by 103.1% during the 3rd quarter. Ashoka WhiteOak Capital Pte Ltd now owns 18,830 shares of the bank’s stock valued at $7,231,000 after purchasing an additional 9,560 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Credicorp by 9.7% in the 3rd quarter. Inspire Investing LLC now owns 6,399 shares of the bank’s stock valued at $2,431,000 after purchasing an additional 567 shares during the last quarter. Finally, Genesee Capital Advisors LLC lifted its stake in shares of Credicorp by 4.2% in the 3rd quarter. Genesee Capital Advisors LLC now owns 2,778 shares of the bank’s stock valued at $1,055,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

BAP has been the subject of a number of recent research reports. UBS Group upped their price objective on shares of Credicorp from $412.00 to $473.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. JPMorgan Chase & Co. upgraded Credicorp from a “neutral” rating to an “overweight” rating and raised their target price for the company from $453.00 to $482.00 in a report on Wednesday, September 16th. The Goldman Sachs Group boosted their price target on Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings upgraded Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $431.80.

Credicorp Stock Performance

BAP opened at $358.56 on Thursday. 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 stock’s 50 day moving average price is $377.17 and its two-hundred day moving average price is $359.67. The firm has a market capitalization of $33.84 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 0.68 and a beta of 0.89. Credicorp Ltd. has a 12-month low of $230.45 and a 12-month high of $413.24.

Credicorp Profile

Credicorp Ltd. (NYSE: BAP) is a Peru-based financial services holding company whose businesses provide banking, insurance, investment management and pension services. Its principal subsidiary is Banco de Crédito del Perú (BCP), one of Peru’s largest banks, which serves individual, business and corporate customers through deposits, lending, payments, treasury and other financial products.

Credicorp also operates Mibanco, a financial institution focused on microfinance and small businesses, and Pacífico Seguros, which offers life, health, property and casualty insurance.