Pzena Investment Management LLC Sells 170,784 Shares of Credicorp Ltd. $BAP

Pzena Investment Management LLC lowered its position in shares of Credicorp Ltd. (NYSE:BAP) by 20.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 665,785 shares of the bank’s stock after selling 170,784 shares during the quarter. Pzena Investment Management LLC owned 0.71% of Credicorp worth $252,912,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Credicorp in the third quarter worth about $60,000. Aprio Wealth Management LLC boosted its position in shares of Credicorp by 1.9% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,548 shares of the bank’s stock valued at $588,000 after purchasing an additional 29 shares in the last quarter. Ashoka WhiteOak Capital Pte Ltd boosted its position in shares of Credicorp by 103.1% during the 3rd quarter. Ashoka WhiteOak Capital Pte Ltd now owns 18,830 shares of the bank’s stock valued at $7,231,000 after purchasing an additional 9,560 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Credicorp by 9.7% in the 3rd quarter. Inspire Investing LLC now owns 6,399 shares of the bank’s stock worth $2,431,000 after purchasing an additional 567 shares during the last quarter. Finally, Genesee Capital Advisors LLC grew its stake in shares of Credicorp by 4.2% in the 3rd quarter. Genesee Capital Advisors LLC now owns 2,778 shares of the bank’s stock worth $1,055,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

BAP has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. upgraded shares of Credicorp from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $453.00 to $482.00 in a report on Wednesday, September 16th. Weiss Ratings upgraded shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, October 23rd. Finally, UBS Group upped their price target on Credicorp from $412.00 to $473.00 and gave the company a “buy” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Credicorp presently has an average rating of “Moderate Buy” and a consensus target price of $431.80.

Credicorp Trading Up 2.1%

Credicorp stock opened at $358.56 on Thursday. The company’s fifty day simple moving average is $377.17 and its 200-day simple moving average is $359.67. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. Credicorp Ltd. has a 12 month low of $230.45 and a 12 month high of $413.24. The stock has a market cap of $33.84 billion, a P/E ratio of 13.01, a P/E/G ratio of 0.68 and a beta of 0.89.

Credicorp Profile

Credicorp Ltd. (NYSE: BAP) is a Peru-based financial services holding company whose businesses provide banking, insurance, investment management and pension services. Its principal subsidiary is Banco de Crédito del Perú (BCP), one of Peru’s largest banks, which serves individual, business and corporate customers through deposits, lending, payments, treasury and other financial products.

Credicorp also operates Mibanco, a financial institution focused on microfinance and small businesses, and Pacífico Seguros, which offers life, health, property and casualty insurance.