Sarasin & Partners LLP Sells 3,659 Shares of Credicorp Ltd. (BAP)

Sarasin & Partners LLP lessened its position in shares of Credicorp Ltd. (NYSE:BAP) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 330,644 shares of the bank’s stock after selling 3,659 shares during the quarter. Sarasin & Partners LLP’s holdings in Credicorp were worth $68,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. WCM Investment Management CA lifted its position in shares of Credicorp by 26.5% during the 4th quarter. WCM Investment Management CA now owns 13,281 shares of the bank’s stock valued at $2,755,000 after buying an additional 2,781 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Credicorp by 3.7% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,196 shares of the bank’s stock valued at $1,565,000 after buying an additional 258 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Credicorp by 19.6% during the 4th quarter. American Century Companies Inc. now owns 691,332 shares of the bank’s stock valued at $143,403,000 after buying an additional 113,220 shares during the last quarter. Aperio Group LLC lifted its position in shares of Credicorp by 2.8% during the 4th quarter. Aperio Group LLC now owns 110,191 shares of the bank’s stock valued at $22,857,000 after buying an additional 3,020 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Credicorp by 2.9% during the 4th quarter. Boston Partners now owns 18,202 shares of the bank’s stock valued at $3,775,000 after buying an additional 516 shares during the last quarter. 65.82% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on BAP. Zacks Investment Research lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. HSBC lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, ValuEngine lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $225.50.

Credicorp Ltd. (BAP) opened at $208.97 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $17,531.47, a PE ratio of 15.19, a PEG ratio of 1.10 and a beta of 0.91. Credicorp Ltd. has a 1 year low of $150.71 and a 1 year high of $237.99.

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Credicorp Profile

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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