Truist Financial Corp Has $846,000 Stake in Credicorp Ltd. (NYSE:BAP)

Truist Financial Corp lowered its stake in shares of Credicorp Ltd. (NYSE:BAP) by 3.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,613 shares of the bank’s stock after selling 186 shares during the period. Truist Financial Corp’s holdings in Credicorp were worth $846,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its stake in Credicorp by 6.1% in the third 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 last quarter. Massachusetts Financial Services Co. MA grew its position in Credicorp by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,042,882 shares of the bank’s stock worth $550,670,000 after acquiring an additional 13,868 shares in the last quarter. Baillie Gifford & Co. grew its position in Credicorp by 2.5% in the third quarter. Baillie Gifford & Co. now owns 1,674,261 shares of the bank’s stock worth $302,991,000 after acquiring an additional 41,409 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 valued at $240,138,000 after buying an additional 1,176,612 shares during the period. Finally, State Street Corp boosted its position in Credicorp by 2.0% during the third quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock valued at $207,235,000 after buying an additional 21,943 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BAP shares. 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 research note on Tuesday, November 12th. Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $209.00 to $208.00 in a research report on Monday, December 16th.

Credicorp Price Performance

BAP stock opened at $182.72 on Friday. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $200.00. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $184.01 and a 200 day moving average price of $183.02. The stock has a market cap of $14.53 billion, a PE ratio of 9.94, a P/E/G ratio of 0.56 and a beta of 1.12.

Credicorp (NYSE:BAP) last announced its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. Equities research analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current 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.