Crossmark Global Holdings Inc. Sells 728 Shares of Credicorp Ltd. (NYSE:BAP)

Crossmark Global Holdings Inc. cut its holdings in Credicorp Ltd. (NYSE:BAP) by 22.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,461 shares of the bank’s stock after selling 728 shares during the period. Crossmark Global Holdings Inc.’s holdings in Credicorp were worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Credicorp by 782.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock worth $240,138,000 after acquiring an additional 1,176,612 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Credicorp during the 3rd quarter valued at $42,794,000. FMR LLC raised its stake in shares of Credicorp by 6.1% during the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after purchasing an additional 199,137 shares during the period. Carrhae Capital LLP purchased a new stake in Credicorp during the 3rd quarter worth about $27,974,000. Finally, TT International Asset Management LTD bought a new position in Credicorp in the 3rd quarter worth about $25,081,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Credicorp Stock Performance

Shares of BAP opened at $181.51 on Monday. Credicorp Ltd. has a 12-month low of $147.00 and a 12-month high of $200.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The company has a market cap of $14.44 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12. The stock has a 50-day moving average price of $186.82 and a 200-day moving average price of $180.23.

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