Fifth Third Bancorp Has $1.20 Million Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Fifth Third Bancorp trimmed its position in Credicorp Ltd. (NYSE:BAP) by 17.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,544 shares of the bank’s stock after selling 1,384 shares during the period. Fifth Third Bancorp’s holdings in Credicorp were worth $1,200,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in shares of Credicorp by 1,051.0% during the fourth quarter. SG Americas Securities LLC now owns 21,271 shares of the bank’s stock valued at $3,899,000 after acquiring an additional 19,423 shares in the last quarter. Atomi Financial Group Inc. increased its stake in Credicorp by 20.0% during the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank’s stock valued at $286,000 after purchasing an additional 260 shares in the last quarter. Ballentine Partners LLC increased its stake in Credicorp by 11.5% during the 4th quarter. Ballentine Partners LLC now owns 1,860 shares of the bank’s stock valued at $341,000 after purchasing an additional 192 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Credicorp by 37.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after buying an additional 62 shares in the last quarter. Finally, Artemis Investment Management LLP bought a new position in shares of Credicorp in the fourth quarter valued at $9,349,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Price Performance

Credicorp stock opened at $181.54 on Wednesday. Credicorp Ltd. has a 52 week low of $147.00 and a 52 week high of $200.00. The company’s 50 day moving average price is $186.58 and its two-hundred day moving average price is $180.39. The stock has a market cap of $14.44 billion, a P/E ratio of 10.42, a P/E/G ratio of 0.49 and a beta of 1.12. 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 (NYSE:BAP) last issued its quarterly earnings results on Thursday, November 7th. The bank reported $5.08 EPS for the quarter, topping analysts’ consensus estimates of $4.67 by $0.41. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.36 billion. Credicorp had a return on equity of 15.59% and a net margin of 20.11%. During the same period last year, the company posted $4.23 earnings per share. On average, equities analysts predict that Credicorp Ltd. will post 18.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on BAP. Bank of America lowered shares of Credicorp from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. increased 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. Finally, The Goldman Sachs Group lifted their target price on Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th.

Credicorp 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.