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JPMorgan Chase & Co. Sells 77,330 Shares of Credicorp Ltd. (NYSE:BAP)

Credicorp logo with Finance background

JPMorgan Chase & Co. decreased its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,861,733 shares of the bank's stock after selling 77,330 shares during the quarter. JPMorgan Chase & Co. owned 2.34% of Credicorp worth $336,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Crossmark Global Holdings Inc. grew its stake in shares of Credicorp by 4.3% during the second quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank's stock valued at $492,000 after buying an additional 126 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Credicorp by 7.3% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,745 shares of the bank's stock worth $443,000 after purchasing an additional 186 shares during the period. Hantz Financial Services Inc. bought a new stake in Credicorp in the second quarter valued at approximately $1,042,000. Van ECK Associates Corp boosted its stake in shares of Credicorp by 22.6% during the second quarter. Van ECK Associates Corp now owns 107,961 shares of the bank's stock valued at $17,417,000 after purchasing an additional 19,886 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Credicorp in the second quarter worth approximately $274,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Credicorp Trading Down 0.5 %

NYSE BAP traded down $0.94 during trading on Monday, hitting $180.18. The company had a trading volume of 259,750 shares, compared to its average volume of 236,042. Credicorp Ltd. has a one year low of $144.22 and a one year 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's fifty day moving average is $187.82 and its 200-day moving average is $177.25. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Credicorp from $143.00 to $160.00 and gave the company 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 dropped their target price for the stock from $209.00 to $208.00 in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. boosted their price target on Credicorp from $200.00 to $219.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th.

Get Our Latest Stock Report on Credicorp

Credicorp Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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