CIBC Asset Management Inc Has $238,000 Holdings in Credicorp Ltd. (NYSE:BAP)

CIBC Asset Management Inc lessened its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,296 shares of the bank’s stock after selling 65 shares during the quarter. CIBC Asset Management Inc’s holdings in Credicorp were worth $238,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Creative Planning lifted its stake in Credicorp by 52.6% in the third quarter. Creative Planning now owns 4,037 shares of the bank’s stock valued at $731,000 after acquiring an additional 1,391 shares during the last quarter. Ballentine Partners LLC bought a new position in shares of Credicorp during the 3rd quarter valued at $302,000. Cigna Investments Inc. New acquired a new stake in shares of Credicorp in the 3rd quarter valued at $237,000. Van ECK Associates Corp boosted its holdings in Credicorp by 17.6% in the third quarter. Van ECK Associates Corp now owns 126,943 shares of the bank’s stock worth $23,944,000 after purchasing an additional 18,982 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Credicorp by 7.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 134,707 shares of the bank’s stock worth $24,378,000 after buying an additional 9,431 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

BAP has been the subject of several recent analyst reports. Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price target on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th.

Credicorp Stock Performance

NYSE:BAP opened at $181.06 on Wednesday. The stock has a market capitalization of $14.40 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 0.56 and a beta of 1.12. Credicorp Ltd. has a 1 year low of $153.27 and a 1 year high of $200.00. The firm has a 50 day moving average of $183.90 and a 200-day moving average of $182.78. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68.

Credicorp (NYSE:BAP) last announced its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. As a group, sell-side analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

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.