Fifth Third Bancorp Lowers Stock Position in Credicorp Ltd. (NYSE:BAP)

Fifth Third Bancorp trimmed its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 17.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,544 shares of the bank's stock after selling 1,384 shares during the period. Fifth Third Bancorp's holdings in Credicorp were worth $1,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 purchasing an additional 1,176,612 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Credicorp in the 3rd quarter worth approximately $42,794,000. FMR LLC raised its holdings 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 acquiring an additional 199,137 shares in the last quarter. Carrhae Capital LLP bought a new position in shares of Credicorp during the 3rd quarter valued at approximately $27,974,000. Finally, TT International Asset Management LTD purchased a new position in shares of Credicorp in the third quarter valued at $25,081,000. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently 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 research note on Tuesday, November 12th. The Goldman Sachs Group upped their price objective on Credicorp from $143.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, October 8th. Finally, Bank of America cut Credicorp from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $209.00 to $208.00 in a report on Monday, December 16th.

Credicorp Trading Down 1.4 %

Shares of BAP traded down $2.55 during mid-day trading on Friday, reaching $182.63. 384,683 shares of the company's stock traded hands, compared to its average volume of 230,235. Credicorp Ltd. has a 12 month low of $147.00 and a 12 month high of $200.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $14.53 billion, a P/E ratio of 10.48, a P/E/G ratio of 0.49 and a beta of 1.12. The stock's 50-day moving average is $185.61 and its two-hundred day moving average is $180.62.

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

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.