JPMorgan Chase & Co. Sells 98,068 Shares of Credicorp Ltd. (NYSE:BAP)

JPMorgan Chase & Co. decreased its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 5.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,763,665 shares of the bank's stock after selling 98,068 shares during the period. JPMorgan Chase & Co. owned approximately 2.22% of Credicorp worth $323,315,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BAP. Cerity Partners LLC raised its position in Credicorp by 3.8% during the third quarter. Cerity Partners LLC now owns 3,068 shares of the bank's stock worth $555,000 after acquiring an additional 111 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Credicorp by 6.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,550 shares of the bank's stock valued at $3,176,000 after buying an additional 1,105 shares during the period. Fiduciary Trust Co raised its position in Credicorp by 12.5% during the third quarter. Fiduciary Trust Co now owns 1,859 shares of the bank's stock valued at $336,000 after purchasing an additional 206 shares in the last quarter. Verition Fund Management LLC raised its stake in Credicorp by 229.2% during the third quarter. Verition Fund Management LLC now owns 9,613 shares of the bank's stock worth $1,740,000 after acquiring an additional 6,693 shares in the last quarter. Finally, Wasatch Advisors LP grew its position in Credicorp by 0.7% during the 3rd quarter. Wasatch Advisors LP now owns 8,886 shares of the bank's stock worth $1,608,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, Bank of America lowered Credicorp from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $209.00 to $208.00 in a research report on Monday, December 16th.

Credicorp Price Performance

Shares of Credicorp stock traded down $9.98 during trading on Friday, hitting $179.26. 646,325 shares of the stock traded hands, compared to its average volume of 250,747. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $200.00. The firm's fifty day moving average is $186.20 and its 200-day moving average is $185.77. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.56 and a beta of 0.99.

Credicorp (NYSE:BAP - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The bank reported $3.76 EPS 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%. Research analysts expect that Credicorp Ltd. will post 21.9 EPS 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.