Credicorp Ltd. (NYSE:BAP) Shares Sold by abrdn plc

abrdn plc trimmed its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 535,027 shares of the bank's stock after selling 36,739 shares during the period. abrdn plc owned about 0.67% of Credicorp worth $97,760,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its holdings in Credicorp by 22.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 164,632 shares of the bank's stock worth $30,180,000 after purchasing an additional 29,925 shares during the last quarter. R Squared Ltd purchased a new position in shares of Credicorp in the fourth quarter valued at $172,000. Blue Trust Inc. raised its stake in shares of Credicorp by 47.4% during the 4th quarter. Blue Trust Inc. now owns 2,803 shares of the bank's stock worth $507,000 after buying an additional 902 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Credicorp by 1,051.0% in the 4th quarter. SG Americas Securities LLC now owns 21,271 shares of the bank's stock worth $3,899,000 after buying an additional 19,423 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its stake in Credicorp by 20.0% in the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank's stock valued at $286,000 after acquiring an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Credicorp Price Performance

BAP stock traded down $2.99 during trading on Friday, hitting $189.91. The stock had a trading volume of 247,138 shares, compared to its average volume of 256,202. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. The company's 50 day moving average price is $185.24 and its two-hundred day moving average price is $181.05. Credicorp Ltd. has a 1-year low of $149.27 and a 1-year high of $200.00.

Credicorp (NYSE:BAP - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The bank reported $5.08 earnings per share for the quarter, beating analysts' consensus estimates of $4.67 by $0.41. Credicorp had a net margin of 20.11% and a return on equity of 15.59%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business posted $4.23 earnings per share. On average, sell-side analysts forecast that Credicorp Ltd. will post 18.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BAP shares. 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. Bank of America lowered Credicorp from a "buy" rating to a "neutral" rating and reduced their target price for the company from $209.00 to $208.00 in a research note on Monday, December 16th.

Credicorp Company 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.