Credicorp Ltd. (NYSE:BAP) Stock Holdings Trimmed by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in Credicorp Ltd. (NYSE:BAP) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 456,138 shares of the bank’s stock after selling 25,151 shares during the quarter. Geode Capital Management LLC’s holdings in Credicorp were worth $81,931,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new position in Credicorp in the 3rd quarter valued at about $58,000. Headlands Technologies LLC bought a new position in shares of Credicorp in the second quarter valued at approximately $84,000. Atlas Capital Advisors LLC increased its stake in shares of Credicorp by 14.9% during the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after acquiring an additional 89 shares during the period. Dynamic Advisor Solutions LLC bought a new stake in Credicorp during the third quarter worth approximately $216,000. Finally, Sanctuary Advisors LLC acquired a new stake in Credicorp in the second quarter worth approximately $210,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Credicorp Price Performance

Shares of NYSE:BAP opened at $180.17 on Friday. The company has a market capitalization of $14.33 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. 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 fifty day moving average of $188.45 and a 200-day moving average of $176.02. Credicorp Ltd. has a one year low of $144.22 and a one year high of $200.00.

Credicorp Company 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.