MML Investors Services LLC Sells 234 Shares of Credicorp Ltd. (NYSE:BAP)

MML Investors Services LLC trimmed its position in Credicorp Ltd. (NYSE:BAP) by 17.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,108 shares of the bank’s stock after selling 234 shares during the quarter. MML Investors Services LLC’s holdings in Credicorp were worth $201,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. increased its holdings in shares of Credicorp by 4.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank’s stock worth $492,000 after buying an additional 126 shares during the last quarter. Atlas Capital Advisors LLC increased its stake in Credicorp by 14.9% during the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after acquiring an additional 89 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Credicorp by 7.3% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,745 shares of the bank’s stock worth $443,000 after acquiring an additional 186 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in Credicorp during the second quarter valued at approximately $1,042,000. Finally, Van ECK Associates Corp lifted its stake in shares of Credicorp by 22.6% in the 2nd quarter. Van ECK Associates Corp now owns 107,961 shares of the bank’s stock valued at $17,417,000 after purchasing an additional 19,886 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BAP. The Goldman Sachs Group boosted their price objective on shares of Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th. Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and cut their price target for the company from $209.00 to $208.00 in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th.

Credicorp Stock Performance

Shares of Credicorp stock opened at $182.71 on Friday. Credicorp Ltd. has a one year low of $144.22 and a one year high of $200.00. The company has a market capitalization of $14.53 billion, a PE ratio of 10.48, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. The company has a 50-day simple moving average of $188.17 and a two-hundred day simple moving average of $176.71.

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.