Assenagon Asset Management S.A. Sells 153 Shares of Credicorp Ltd. (NYSE:BAP)

Assenagon Asset Management S.A. lowered its position in Credicorp Ltd. (NYSE:BAP) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,849 shares of the bank’s stock after selling 153 shares during the period. Assenagon Asset Management S.A.’s holdings in Credicorp were worth $339,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC increased its stake in shares of Credicorp by 6.1% during the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after purchasing an additional 199,137 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Credicorp by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,042,882 shares of the bank’s stock valued at $550,670,000 after acquiring an additional 13,868 shares during the period. Baillie Gifford & Co. lifted its holdings in Credicorp by 2.5% during the 3rd quarter. Baillie Gifford & Co. now owns 1,674,261 shares of the bank’s stock valued at $302,991,000 after purchasing an additional 41,409 shares during 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 worth $240,138,000 after purchasing an additional 1,176,612 shares during the period. Finally, State Street Corp increased its holdings in shares of Credicorp by 2.0% in the third quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock valued at $207,235,000 after purchasing an additional 21,943 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Down 0.4 %

Shares of BAP opened at $181.51 on Friday. Credicorp Ltd. has a 12 month low of $147.00 and a 12 month high of $200.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $14.44 billion, a PE ratio of 10.41, a PEG ratio of 0.49 and a beta of 1.12. The stock’s 50-day moving average price is $186.82 and its two-hundred day moving average price is $180.15.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, November 7th. The bank reported $5.08 earnings per share for the quarter, topping the consensus estimate of $4.67 by $0.41. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Credicorp had a net margin of 20.11% and a return on equity of 15.59%. During the same period in the prior year, the company posted $4.23 earnings per share. On average, analysts anticipate that Credicorp Ltd. will post 18.91 EPS for the current year.

Analyst Upgrades and Downgrades

BAP has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price target on shares of Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised their price target on Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Finally, Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $209.00 to $208.00 in a research report on Monday, December 16th.

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.