Credicorp Ltd. (NYSE:BAP) Shares Sold by Genesis Investment Management LLP

Genesis Investment Management LLP lessened its position in shares of Credicorp Ltd. (NYSE:BAP) by 79.3% during the 4th quarter, Holdings Channel reports. The firm owned 73,044 shares of the bank’s stock after selling 280,391 shares during the quarter. Credicorp comprises 14.7% of Genesis Investment Management LLP’s portfolio, making the stock its 2nd largest holding. Genesis Investment Management LLP’s holdings in Credicorp were worth $13,390,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Credicorp by 37.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after purchasing an additional 62 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Credicorp during the 3rd quarter worth about $58,000. Aprio Wealth Management LLC purchased a new position in shares of Credicorp during the 4th quarter valued at about $200,000. Sanctuary Advisors LLC acquired a new position in shares of Credicorp in the 2nd quarter valued at about $210,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in shares of Credicorp in the third quarter worth about $216,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Down 2.7 %

Shares of BAP opened at $181.80 on Tuesday. The firm has a market cap of $14.46 billion, a P/E ratio of 10.43, a PEG ratio of 0.48 and a beta of 1.12. Credicorp Ltd. has a 12 month low of $146.05 and a 12 month high of $200.00. The stock’s 50 day moving average is $187.42 and its two-hundred day moving average is $179.70. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66.

Wall Street Analyst Weigh In

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

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.