Jane Street Group LLC Sells 9,913 Shares of Credicorp Ltd. (NYSE:BAP)

Jane Street Group LLC lessened its stake in shares of Credicorp Ltd. (NYSE:BAP) by 64.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,416 shares of the bank’s stock after selling 9,913 shares during the period. Jane Street Group LLC’s holdings in Credicorp were worth $980,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of 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 buying an additional 199,137 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position 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 acquiring an additional 13,868 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Credicorp by 2.5% during 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 increased its holdings in shares of 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 worth $240,138,000 after purchasing an additional 1,176,612 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Credicorp by 2.0% in the third quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock worth $207,235,000 after purchasing an additional 21,943 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

BAP has been the topic of several recent analyst reports. Bank of America cut 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 report on Monday, December 16th. JPMorgan Chase & Co. raised their price target on Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group upped their price objective on Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th.

Credicorp Stock Up 1.7 %

BAP opened at $183.32 on Wednesday. The firm’s 50 day simple moving average is $187.72 and its two-hundred day simple moving average is $177.44. The company has a market capitalization of $14.58 billion, a PE ratio of 10.52, a PEG 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 company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66.

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.