Zacks Investment Research downgraded shares of Credicorp (NYSE:BAP) from a hold rating to a sell rating in a report published on Friday, Zacks.com reports.

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 “

Other equities research analysts have also recently issued research reports about the stock. ValuEngine cut shares of Credicorp from a hold rating to a sell rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. upgraded shares of Credicorp from a neutral rating to an overweight rating and increased their target price for the company from $232.00 to $250.00 in a research note on Tuesday. Finally, HSBC upgraded shares of Credicorp from a hold rating to a buy rating and increased their target price for the company from $245.00 to $250.00 in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $258.00.

Shares of NYSE:BAP opened at $206.25 on Friday. The company has a market cap of $16.45 billion, a P/E ratio of 13.86, a P/E/G ratio of 0.94 and a beta of 0.70. The stock’s 50-day moving average is $224.90 and its 200-day moving average is $231.88. Credicorp has a 52-week low of $200.34 and a 52-week high of $252.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.09.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC lifted its position in Credicorp by 1,657.4% in the 4th quarter. Millennium Management LLC now owns 16,256 shares of the bank’s stock valued at $3,603,000 after acquiring an additional 15,331 shares in the last quarter. Geode Capital Management LLC lifted its position in Credicorp by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 146,101 shares of the bank’s stock valued at $32,173,000 after acquiring an additional 592 shares in the last quarter. Virtu Financial LLC bought a new stake in Credicorp in the 1st quarter valued at $306,000. Henry James International Management Inc. lifted its position in Credicorp by 207.4% in the 1st quarter. Henry James International Management Inc. now owns 2,807 shares of the bank’s stock valued at $674,000 after acquiring an additional 1,894 shares in the last quarter. Finally, Brinker Capital Inc. lifted its position in Credicorp by 9.7% in the 1st quarter. Brinker Capital Inc. now owns 2,962 shares of the bank’s stock valued at $711,000 after acquiring an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 67.53% of the company’s stock.

About Credicorp

Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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