Credicorp Ltd. (NYSE:BAP) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its position in shares of Credicorp Ltd. (NYSE:BAP) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,977 shares of the bank’s stock after selling 4,929 shares during the period. Franklin Resources Inc.’s holdings in Credicorp were worth $23,277,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of Credicorp by 37.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after acquiring an additional 62 shares in the last quarter. R Squared Ltd purchased a new position in Credicorp in the fourth quarter valued at about $172,000. Aprio Wealth Management LLC acquired a new stake in Credicorp during the 4th quarter valued at approximately $200,000. Callan Family Office LLC purchased a new stake in Credicorp during the 4th quarter worth approximately $204,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Credicorp in the 4th quarter valued at approximately $238,000. Institutional investors and hedge funds 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 decreased their price target for the stock from $209.00 to $208.00 in a research report on Monday, December 16th.

Credicorp Stock Down 5.3 %

NYSE:BAP opened at $179.26 on Monday. The stock has a 50-day simple moving average of $186.20 and a 200 day simple moving average of $185.89. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00. The company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02.

Credicorp (NYSE:BAP) last issued its earnings results on Monday, February 10th. The bank reported $3.76 EPS for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. Sell-side analysts predict that Credicorp Ltd. will post 21.9 EPS for the current fiscal 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.