Vestmark Advisory Solutions Inc. Sells 3,109 Shares of Credicorp Ltd. $BAP

Vestmark Advisory Solutions Inc. reduced its holdings in Credicorp Ltd. (NYSE:BAP) by 56.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,385 shares of the bank’s stock after selling 3,109 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Credicorp were worth $533,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SVB Wealth LLC acquired a new stake in shares of Credicorp in the first quarter worth $35,000. Cullen Frost Bankers Inc. acquired a new position in Credicorp during the 1st quarter valued at $40,000. First Horizon Advisors Inc. boosted its holdings in Credicorp by 33.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 283 shares of the bank’s stock valued at $63,000 after purchasing an additional 71 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Credicorp in the 1st quarter worth $78,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Credicorp during the first quarter valued at about $88,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. UBS Group lifted their target price on Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. HSBC cut Credicorp from a “buy” rating to a “hold” rating and boosted their price objective for the company from $225.00 to $255.00 in a research report on Friday, September 5th. Hsbc Global Res upgraded Credicorp to a “hold” rating in a research note on Friday, September 5th. Wall Street Zen upgraded shares of Credicorp from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Finally, Citigroup boosted their price target on shares of Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $256.20.

Credicorp Trading Down 0.3%

Shares of BAP stock opened at $258.22 on Wednesday. Credicorp Ltd. has a 12-month low of $165.51 and a 12-month high of $280.88. The company has a market capitalization of $20.54 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.71 and a beta of 1.09. The firm has a 50-day moving average price of $261.20 and a 200 day moving average price of $237.48. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.49.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Thursday, August 14th. The bank reported $6.24 earnings per share for the quarter, topping the consensus estimate of $5.73 by $0.51. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Research analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Credicorp Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.