Credicorp Ltd. $BAP Stock: Robeco Institutional Asset Management B.V. Reduces Holdings

Robeco Institutional Asset Management B.V. reduced its position in Credicorp Ltd. (NYSE:BAP) by 20.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 415,392 shares of the bank’s stock after selling 109,095 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.44% of Credicorp worth $157,795,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Amundi grew its holdings in Credicorp by 26.4% in the second quarter. Amundi now owns 535,235 shares of the bank’s stock worth $208,517,000 after purchasing an additional 111,785 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Credicorp in the first quarter valued at $1,800,000. Ashoka WhiteOak Capital Pte Ltd bought a new stake in Credicorp in the second quarter valued at $3,611,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Credicorp during the second quarter valued at about $3,857,000. Finally, Trillium Asset Management LLC acquired a new position in shares of Credicorp during the second quarter valued at about $6,065,000. 89.81% of the stock is owned by institutional investors.

Credicorp Price Performance

BAP opened at $388.40 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $36.66 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 0.76 and a beta of 0.92. The firm’s fifty day moving average price is $380.32 and its two-hundred day moving average price is $366.51. Credicorp Ltd. has a 1 year low of $230.45 and a 1 year high of $413.24.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BAP shares. UBS Group increased their price objective on shares of Credicorp from $412.00 to $473.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Weiss Ratings raised Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 9th. The Goldman Sachs Group boosted their target price on Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. raised Credicorp from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $453.00 to $482.00 in a research note on Wednesday, September 16th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Credicorp presently has an average rating of “Moderate Buy” and an average target price of $431.80.

Credicorp Company 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.