Zacks Investment Research cut shares of Credicorp (NYSE:BAP) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

According to Zacks, “CreditCorp LTD is a limited liability company to act as a holding company, to coordinate the policy and administration of its subsidiaries and engage in investing activities. Credicorp’s principal objective is to coordinate and manage the business plans of its subsidiaries in an effort to implement universal banking services in Peru, while diversifying regionally. They conduct their financial business exclusively through its subsidiaries “

Several other equities research analysts have also recently weighed in on the company. Bank of America cut Credicorp from a buy rating to a neutral rating in a research note on Monday, September 18th. Goldman Sachs Group restated a buy rating and set a $248.00 target price on shares of Credicorp in a research note on Monday, September 11th. HSBC cut Credicorp from a buy rating to a hold rating in a research note on Tuesday, November 14th. cut Credicorp from a buy rating to a hold rating in a research note on Tuesday, November 14th. Finally, ValuEngine cut Credicorp from a buy rating to a hold rating in a research note on Tuesday, December 12th. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $225.50.

Credicorp (BAP) traded up $2.69 during midday trading on Monday, reaching $222.88. The company’s stock had a trading volume of 188,834 shares, compared to its average volume of 193,311. 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 has a 12-month low of $150.71 and a 12-month high of $224.36. The company has a market capitalization of $17,520.00, a PE ratio of 14.54, a PEG ratio of 1.12 and a beta of 0.86.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Neuberger Berman Group LLC lifted its stake in shares of Credicorp by 2.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 302,147 shares of the bank’s stock valued at $61,946,000 after acquiring an additional 7,792 shares during the last quarter. Guardian Capital LP lifted its stake in shares of Credicorp by 2.7% in the 3rd quarter. Guardian Capital LP now owns 13,325 shares of the bank’s stock valued at $2,732,000 after acquiring an additional 350 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Credicorp by 270.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 4,614 shares of the bank’s stock valued at $946,000 after acquiring an additional 3,368 shares during the last quarter. Capital International Investors lifted its stake in shares of Credicorp by 0.9% in the 3rd quarter. Capital International Investors now owns 354,533 shares of the bank’s stock valued at $72,686,000 after acquiring an additional 3,056 shares during the last quarter. Finally, Capital Guardian Trust Co. lifted its stake in shares of Credicorp by 3.6% in the 3rd quarter. Capital Guardian Trust Co. now owns 136,400 shares of the bank’s stock valued at $27,965,000 after acquiring an additional 4,700 shares during the last quarter. Institutional investors own 65.99% of the company’s stock.

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About Credicorp

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.

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