Van ECK Associates Corp Sells 12,082 Shares of Credicorp Ltd. (NYSE:BAP)

Van ECK Associates Corp lowered its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,861 shares of the bank's stock after selling 12,082 shares during the quarter. Van ECK Associates Corp owned about 0.14% of Credicorp worth $21,056,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of BAP. FMR LLC raised its holdings in Credicorp by 6.1% during the third quarter. FMR LLC now owns 3,446,621 shares of the bank's stock valued at $623,735,000 after buying an additional 199,137 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Credicorp by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,042,882 shares of the bank's stock valued at $550,670,000 after acquiring an additional 13,868 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Credicorp by 2.5% in the 3rd quarter. Baillie Gifford & Co. now owns 1,674,261 shares of the bank's stock valued at $302,991,000 after acquiring an additional 41,409 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Credicorp by 782.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank's stock worth $240,138,000 after purchasing an additional 1,176,612 shares during the last quarter. Finally, State Street Corp lifted its holdings in Credicorp by 2.0% in the 3rd quarter. State Street Corp now owns 1,123,023 shares of the bank's stock worth $207,235,000 after purchasing an additional 21,943 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Credicorp from $200.00 to $219.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. Bank of America downgraded 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.

Credicorp Stock Performance

NYSE BAP traded up $0.37 during trading on Tuesday, hitting $186.47. The company's stock had a trading volume of 99,485 shares, compared to its average volume of 258,617. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $200.00. The firm has a market cap of $14.83 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 0.51 and a beta of 1.12. The firm has a 50 day moving average price of $184.78 and a 200 day moving average price of $182.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66.

Credicorp (NYSE:BAP - Get Free Report) last announced its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 15.59% and a net margin of 20.11%. Equities research analysts forecast that Credicorp Ltd. will post 18.99 earnings per share for the current fiscal year.

Credicorp 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.