MML Investors Services LLC Sells 234 Shares of Credicorp Ltd. (NYSE:BAP)

MML Investors Services LLC lessened its stake in Credicorp Ltd. (NYSE:BAP) by 17.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,108 shares of the bank’s stock after selling 234 shares during the quarter. MML Investors Services LLC’s holdings in Credicorp were worth $201,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BAP. Brown Brothers Harriman & Co. bought a new stake in shares of Credicorp during the third quarter valued at about $58,000. Headlands Technologies LLC purchased a new stake in Credicorp in the 2nd quarter worth approximately $84,000. Atlas Capital Advisors LLC boosted its holdings in Credicorp by 14.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after purchasing an additional 89 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Credicorp during the 2nd quarter valued at $210,000. Finally, Dynamic Advisor Solutions LLC bought a new position in shares of Credicorp in the third quarter worth $216,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

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

Credicorp Price Performance

Shares of NYSE BAP opened at $182.71 on Friday. Credicorp Ltd. has a 1 year low of $144.22 and a 1 year high of $200.00. The stock has a market capitalization of $14.53 billion, a P/E ratio of 10.48, a P/E/G ratio of 0.66 and a beta of 1.13. The company’s 50-day moving average is $188.17 and its 200 day moving average is $176.71. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07.

About Credicorp

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.