JPMorgan Chase & Co. Cuts Stock Position in Credicorp Ltd. (NYSE:BAP)

JPMorgan Chase & Co. cut its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 4.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,861,733 shares of the bank’s stock after selling 77,330 shares during the quarter. JPMorgan Chase & Co.’s holdings in Credicorp were worth $336,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Credicorp by 782.7% during the third 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 period. Fourth Sail Capital LP purchased a new stake in Credicorp in the 2nd quarter worth about $44,156,000. Public Employees Retirement System of Ohio bought a new stake in Credicorp in the 3rd quarter valued at about $42,794,000. FMR LLC lifted its holdings in Credicorp by 6.1% during the third 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. Finally, Driehaus Capital Management LLC boosted its position in Credicorp by 78.8% during the second quarter. Driehaus Capital Management LLC now owns 358,784 shares of the bank’s stock worth $57,883,000 after purchasing an additional 158,175 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Credicorp Price Performance

Shares of NYSE:BAP opened at $181.12 on Monday. Credicorp Ltd. has a 12 month low of $144.22 and a 12 month high of $200.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The stock has a market cap of $14.41 billion, a P/E ratio of 10.39, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a 50 day moving average of $187.98 and a 200 day moving average of $177.10.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BAP shares. Bank of America lowered shares of Credicorp from a “buy” rating to a “neutral” rating and lowered their price target for the company from $209.00 to $208.00 in a research report on Monday, December 16th. 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 report on Tuesday, November 12th. Finally, The Goldman Sachs Group raised their price target on Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th.

About Credicorp

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.