WCM Investment Management LLC Has $60.27 Million Holdings in Credicorp Ltd. $BAP

by · The Cerbat Gem

WCM Investment Management LLC cut its holdings in shares of Credicorp Ltd. (NYSE:BAP – Free Report) by 3.6% in the second quarter, Holdings Channel reports. The institutional investor owned 269,176 shares of the bank’s stock after selling 10,115 shares during the quarter. WCM Investment Management LLC’s holdings in Credicorp were worth $60,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Deltec Asset Management LLC raised its stake in shares of Credicorp by 4.3% in the first quarter. Deltec Asset Management LLC now owns 2,400 shares of the bank’s stock valued at $447,000 after purchasing an additional 100 shares in the last quarter. National Pension Service grew its position in Credicorp by 0.7% in the first quarter. National Pension Service now owns 17,592 shares of the bank’s stock valued at $3,275,000 after acquiring an additional 117 shares during the period. Voya Investment Management LLC grew its position in Credicorp by 2.4% in the first quarter. Voya Investment Management LLC now owns 5,088 shares of the bank’s stock valued at $947,000 after acquiring an additional 120 shares during the period. SVB Wealth LLC bought a new stake in Credicorp in the first quarter valued at $35,000. Finally, KLP Kapitalforvaltning AS grew its position in Credicorp by 1.0% in the first quarter. KLP Kapitalforvaltning AS now owns 19,629 shares of the bank’s stock valued at $3,654,000 after acquiring an additional 200 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Price Performance

Shares of BAP stock opened at $254.78 on Thursday. The stock’s fifty day moving average is $259.21 and its 200-day moving average is $226.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $20.27 billion, a PE ratio of 12.08, a PEG ratio of 0.69 and a beta of 1.11. Credicorp Ltd. has a 52 week low of $165.51 and a 52 week high of $280.88.

Credicorp (NYSE:BAP – Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.51. Credicorp had a return on equity of 17.94% and a net margin of 23.22%.The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.52 billion. Equities research analysts expect that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. The Goldman Sachs Group upgraded Credicorp from a “sell” rating to a “neutral” rating and upped their price target for the company from $174.00 to $225.00 in a research report on Thursday, July 24th. UBS Group upped their price target on Credicorp from $257.00 to $318.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Hsbc Global Res upgraded Credicorp to a “hold” rating in a research report on Friday, September 5th. HSBC cut Credicorp from a “buy” rating to a “hold” rating and upped their price target for the company from $225.00 to $255.00 in a research report on Friday, September 5th. Finally, Citigroup upped their price target on Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $250.00.

Read Our Latest Analysis on BAP

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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