Franklin Resources Inc. Sells 14,483 Shares of Credicorp Ltd. (NYSE:BAP)

Franklin Resources Inc. lessened its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 131,906 shares of the bank's stock after selling 14,483 shares during the quarter. Franklin Resources Inc. owned approximately 0.17% of Credicorp worth $24,467,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. World Investment Advisors LLC acquired a new stake in shares of Credicorp in the 3rd quarter valued at $3,275,000. Sanctuary Advisors LLC boosted its position in Credicorp by 16.9% during the third quarter. Sanctuary Advisors LLC now owns 1,467 shares of the bank's stock worth $289,000 after purchasing an additional 212 shares during the period. TT International Asset Management LTD bought a new position in shares of Credicorp in the third quarter valued at approximately $25,081,000. Barclays PLC raised its position in shares of Credicorp by 3.3% in the third quarter. Barclays PLC now owns 218,733 shares of the bank's stock valued at $39,584,000 after purchasing an additional 6,988 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Credicorp in the third quarter worth $42,794,000. 89.81% of the stock is owned by institutional investors.

Credicorp Price Performance

Shares of Credicorp stock traded up $1.96 during mid-day trading on Friday, reaching $182.13. 415,343 shares of the stock were exchanged, compared to its average volume of 237,400. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The firm has a 50-day simple moving average of $188.45 and a 200 day simple moving average of $176.02. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. Credicorp Ltd. has a fifty-two week low of $144.22 and a fifty-two week high of $200.00.

Analysts Set New Price Targets

Several research analysts recently commented on BAP shares. The Goldman Sachs Group lifted their target price on shares of Credicorp from $143.00 to $160.00 and gave the stock a "sell" rating in a report on Tuesday, October 8th. Bank of America lowered shares of Credicorp from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $209.00 to $208.00 in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on Credicorp from $200.00 to $219.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th.

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.