JPMorgan Chase & Co. Has $323.32 Million Stake in Credicorp Ltd. (NYSE:BAP)

JPMorgan Chase & Co. lowered its stake in Credicorp Ltd. (NYSE:BAP) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,763,665 shares of the bank’s stock after selling 98,068 shares during the period. JPMorgan Chase & Co.’s holdings in Credicorp were worth $323,315,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Nordea Investment Management AB increased its stake in shares of Credicorp by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 24,008 shares of the bank’s stock valued at $4,362,000 after buying an additional 3,753 shares during the period. Artemis Investment Management LLP acquired a new stake in Credicorp in the fourth quarter worth about $9,349,000. Park Avenue Securities LLC bought a new stake in Credicorp during the 4th quarter worth about $238,000. Atomi Financial Group Inc. lifted its position 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 during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Credicorp by 8.0% in the 3rd quarter. Principal Financial Group Inc. now owns 347,083 shares of the bank’s stock valued at $62,812,000 after purchasing an additional 25,742 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Separately, Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $209.00 to $208.00 in a research note on Monday, December 16th.

Credicorp Stock Down 1.3 %

NYSE:BAP opened at $188.17 on Monday. The stock’s fifty day simple moving average is $185.61 and its 200-day simple moving average is $185.46. The firm has a market capitalization of $14.97 billion, a P/E ratio of 10.23, a P/E/G ratio of 0.56 and a beta of 1.10. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00.

Credicorp (NYSE:BAP) last issued its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. Equities research analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current year.

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.