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

Polaris Capital Management LLC lessened its position in shares of Credicorp Ltd. (NYSE:BAP) by 5.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,600 shares of the bank’s stock after selling 200 shares during the period. Polaris Capital Management LLC’s holdings in Credicorp were worth $660,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in Credicorp by 6.1% in the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after purchasing an additional 199,137 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Credicorp by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,042,882 shares of the bank’s stock valued at $550,670,000 after purchasing an additional 13,868 shares during the last quarter. Baillie Gifford & Co. raised its stake in Credicorp by 2.5% in the 3rd quarter. Baillie Gifford & Co. now owns 1,674,261 shares of the bank’s stock valued at $302,991,000 after purchasing an additional 41,409 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Credicorp by 782.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock valued at $240,138,000 after purchasing an additional 1,176,612 shares during the last quarter. Finally, State Street Corp raised its stake in Credicorp by 2.0% in the 3rd quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock valued at $207,235,000 after purchasing an additional 21,943 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $209.00 to $208.00 in a research note on Monday, December 16th.

Credicorp Stock Up 0.5 %

NYSE BAP opened at $191.23 on Tuesday. The stock has a market cap of $15.21 billion, a PE ratio of 10.97, a P/E/G ratio of 0.51 and a beta of 1.12. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The business has a 50 day moving average price of $185.33 and a two-hundred day moving average price of $181.29. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66.

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.