Mondrian Investment Partners LTD Sells 42,340 Shares of Credicorp Ltd. $BAP

Mondrian Investment Partners LTD lowered its position in shares of Credicorp Ltd. (NYSE:BAP) by 14.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 251,379 shares of the bank’s stock after selling 42,340 shares during the quarter. Mondrian Investment Partners LTD owned about 0.32% of Credicorp worth $72,146,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in Credicorp during the third quarter valued at $35,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Credicorp during the fourth quarter valued at $46,000. Raymond James Financial Inc. bought a new stake in Credicorp during the second quarter valued at $38,000. Quarry LP bought a new stake in Credicorp during the third quarter valued at $46,000. Finally, EverSource Wealth Advisors LLC boosted its position in Credicorp by 44.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 188 shares of the bank’s stock valued at $54,000 after acquiring an additional 58 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BAP shares. Zacks Research cut shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. UBS Group upped their price target on shares of Credicorp from $318.00 to $408.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group upped their price target on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and upped their price target for the company from $320.00 to $350.00 in a research report on Tuesday. Finally, Weiss Ratings raised shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $334.60.

Credicorp Price Performance

BAP stock opened at $333.30 on Friday. The stock has a market capitalization of $31.46 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87. The company’s 50-day moving average is $330.67 and its 200-day moving average is $313.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.02. Credicorp Ltd. has a 1 year low of $201.33 and a 1 year high of $380.20.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. The company had revenue of $1.81 billion for the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. Equities research analysts expect that Credicorp Ltd. will post 29.38 EPS for the current fiscal year.

Credicorp Profile

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.