Entropy Technologies LP Sells 7,572 Shares of Credicorp Ltd. $BAP

Entropy Technologies LP trimmed its position in shares of Credicorp Ltd. (NYSE:BAP) by 63.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,322 shares of the bank’s stock after selling 7,572 shares during the period. Entropy Technologies LP’s holdings in Credicorp were worth $966,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BAP. Royal Bank of Canada raised its position in Credicorp by 0.9% during the 1st quarter. Royal Bank of Canada now owns 1,695,980 shares of the bank’s stock valued at $315,724,000 after purchasing an additional 14,852 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Credicorp by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,343,531 shares of the bank’s stock valued at $250,112,000 after buying an additional 13,592 shares during the period. Bank of Nova Scotia raised its holdings in shares of Credicorp by 21.8% during the first quarter. Bank of Nova Scotia now owns 867,347 shares of the bank’s stock valued at $161,465,000 after acquiring an additional 155,162 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Credicorp by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 781,374 shares of the bank’s stock valued at $145,461,000 after acquiring an additional 4,527 shares in the last quarter. Finally, Driehaus Capital Management LLC lifted its stake in Credicorp by 13.4% in the first quarter. Driehaus Capital Management LLC now owns 574,504 shares of the bank’s stock worth $106,950,000 after acquiring an additional 68,011 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Price Performance

BAP stock opened at $247.77 on Friday. 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 firm has a 50 day moving average price of $259.54 and a 200-day moving average price of $240.16. Credicorp Ltd. has a 52-week low of $165.51 and a 52-week high of $280.88. The firm has a market capitalization of $19.71 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 0.71 and a beta of 1.09.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Thursday, November 13th. The bank reported $6.17 earnings per share for the quarter, topping the consensus estimate of $6.05 by $0.12. Credicorp had a return on equity of 17.94% and a net margin of 23.22%.The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.71 billion. Equities research analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on BAP shares. Zacks Research raised shares of Credicorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Hsbc Global Res upgraded shares of Credicorp to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings reissued a “buy (b+)” rating on shares of Credicorp in a research note on Tuesday, October 14th. Wall Street Zen raised Credicorp from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Finally, Citigroup upped their target price on Credicorp from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. One 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $265.17.

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.