Assenagon Asset Management S.A. Sells 153 Shares of Credicorp Ltd. (NYSE:BAP)

Assenagon Asset Management S.A. trimmed its holdings in Credicorp Ltd. (NYSE:BAP) by 7.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,849 shares of the bank’s stock after selling 153 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Credicorp were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BAP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Credicorp by 782.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock valued at $240,138,000 after buying an additional 1,176,612 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Credicorp in the third quarter valued at about $42,794,000. FMR LLC boosted its holdings in Credicorp by 6.1% during the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after purchasing an additional 199,137 shares during the last quarter. Driehaus Capital Management LLC grew its position in Credicorp by 78.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 358,784 shares of the bank’s stock worth $57,883,000 after purchasing an additional 158,175 shares in the last quarter. Finally, Carrhae Capital LLP purchased a new stake in Credicorp in the 3rd quarter valued at about $27,974,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Bank of America lowered Credicorp from a “buy” rating to a “neutral” rating and reduced their target price for the company from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their price objective on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group increased their target price on shares of Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th.

Credicorp Trading Down 0.4 %

Shares of Credicorp stock opened at $181.51 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $14.44 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.49 and a beta of 1.12. Credicorp Ltd. has a 52-week low of $147.00 and a 52-week high of $200.00. The stock’s 50-day simple moving average is $186.82 and its 200 day simple moving average is $180.15.

Credicorp (NYSE:BAP) last issued its earnings results on Thursday, November 7th. The bank reported $5.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.67 by $0.41. Credicorp had a net margin of 20.11% and a return on equity of 15.59%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the firm posted $4.23 EPS. As a group, research analysts anticipate that Credicorp Ltd. will post 18.91 EPS for the current 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.