Credicorp Ltd. (NYSE:BAP) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in Credicorp Ltd. (NYSE:BAP) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 456,138 shares of the bank’s stock after selling 25,151 shares during the period. Geode Capital Management LLC’s holdings in Credicorp were worth $81,931,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Ritholtz Wealth Management raised its stake in shares of Credicorp by 95.4% in the 3rd quarter. Ritholtz Wealth Management now owns 6,977 shares of the bank’s stock valued at $1,263,000 after purchasing an additional 3,406 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in Credicorp in the third quarter valued at about $1,737,000. MBB Public Markets I LLC bought a new position in Credicorp during the 2nd quarter worth approximately $770,000. Carrhae Capital LLP bought a new position in Credicorp during the 3rd quarter worth approximately $27,974,000. Finally, FMR LLC grew its position in shares of Credicorp by 6.1% in the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after acquiring an additional 199,137 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BAP. JPMorgan Chase & Co. raised their price objective on Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group increased their target price on shares of Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. Finally, Bank of America lowered shares of Credicorp from a “buy” rating to a “neutral” rating and decreased their price target for the company from $209.00 to $208.00 in a report on Monday.

Credicorp Price Performance

Shares of NYSE BAP opened at $180.17 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $14.33 billion, a PE ratio of 10.34, a P/E/G ratio of 0.66 and a beta of 1.13. Credicorp Ltd. has a 1-year low of $144.22 and a 1-year high of $200.00. The business’s fifty day moving average price is $188.45 and its two-hundred day moving average price is $176.02.

Credicorp Company 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.