WCM Investment Management LLC Sells 11,682 Shares of Credicorp Ltd. $BAP

WCM Investment Management LLC lessened its stake in shares of Credicorp Ltd. (NYSE:BAP) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,494 shares of the bank’s stock after selling 11,682 shares during the quarter. WCM Investment Management LLC owned 0.32% of Credicorp worth $68,872,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Credicorp during the second quarter valued at $110,945,000. Bank of America Corp DE increased its position in shares of Credicorp by 125.5% during the 2nd quarter. Bank of America Corp DE now owns 491,046 shares of the bank’s stock worth $109,759,000 after purchasing an additional 273,305 shares in the last quarter. Altrinsic Global Advisors LLC lifted its holdings in Credicorp by 125.8% during the 2nd quarter. Altrinsic Global Advisors LLC now owns 474,565 shares of the bank’s stock valued at $106,075,000 after purchasing an additional 264,358 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Credicorp by 7.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,038,098 shares of the bank’s stock valued at $808,985,000 after buying an additional 223,497 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Credicorp by 67.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 528,259 shares of the bank’s stock valued at $118,076,000 after buying an additional 213,651 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Up 3.1%

NYSE:BAP opened at $368.02 on Tuesday. The company has a market cap of $29.27 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 0.79 and a beta of 0.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s fifty day moving average price is $298.09 and its two-hundred day moving average price is $269.92. Credicorp Ltd. has a 52-week low of $165.51 and a 52-week high of $368.78.

Credicorp (NYSE:BAP) last released its earnings results on Thursday, November 13th. The bank reported $6.17 EPS for the quarter, beating the consensus estimate of $6.05 by $0.12. Credicorp had a return on equity of 19.50% and a net margin of 23.59%.The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.71 billion. On average, analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BAP shares. JPMorgan Chase & Co. lifted their target price on shares of Credicorp from $242.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Wall Street Zen downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. The Goldman Sachs Group boosted their price objective on Credicorp from $263.00 to $293.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Credicorp in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $290.20.

Credicorp Company 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.