INCA Investments LLC decreased its position in shares of Credicorp Ltd. (NYSE:BAP) by 5.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 289,700 shares of the bank’s stock after selling 16,800 shares during the period. Credicorp makes up approximately 12.8% of INCA Investments LLC’s holdings, making the stock its 2nd largest holding. INCA Investments LLC owned approximately 0.36% of Credicorp worth $59,394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Credicorp by 8.2% during the second quarter. JPMorgan Chase & Co. now owns 2,816,921 shares of the bank’s stock valued at $505,327,000 after purchasing an additional 213,085 shares in the last quarter. LMR Partners LLP purchased a new stake in Credicorp during the third quarter valued at about $632,000. Mitsubishi UFJ Trust & Banking Corp raised its position in Credicorp by 3.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 114,444 shares of the bank’s stock valued at $20,530,000 after purchasing an additional 3,950 shares in the last quarter. Neuberger Berman Group LLC raised its position in Credicorp by 2.9% during the second quarter. Neuberger Berman Group LLC now owns 294,355 shares of the bank’s stock valued at $52,804,000 after purchasing an additional 8,424 shares in the last quarter. Finally, C WorldWide Group Holding A S raised its position in Credicorp by 90.9% during the third quarter. C WorldWide Group Holding A S now owns 2,216 shares of the bank’s stock valued at $455,000 after purchasing an additional 1,055 shares in the last quarter. Institutional investors and hedge funds own 66.16% of the company’s stock.

A number of research firms have weighed in on BAP. Bank of America downgraded Credicorp from a “buy” rating to a “neutral” rating in a research report on Monday, September 18th. ValuEngine downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday. Goldman Sachs Group restated a “buy” rating and set a $248.00 price target on shares of Credicorp in a research report on Monday, September 11th. Zacks Investment Research downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Credicorp presently has an average rating of “Buy” and an average target price of $224.25.

Credicorp Ltd. (BAP) opened at $210.61 on Wednesday. The company has a market capitalization of $16,595.05, a PE ratio of 15.18, a PEG ratio of 1.19 and a beta of 0.86. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.04. Credicorp Ltd. has a twelve month low of $150.71 and a twelve month high of $215.69.

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Credicorp Profile

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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