TT International Asset Management LTD Sells 135,893 Shares of Credicorp Ltd. (NYSE:BAP)

TT International Asset Management LTD trimmed its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 98.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,700 shares of the bank’s stock after selling 135,893 shares during the quarter. TT International Asset Management LTD’s holdings in Credicorp were worth $494,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new position in Credicorp during the third quarter worth about $58,000. Headlands Technologies LLC purchased a new position in shares of Credicorp in the 2nd quarter worth about $84,000. Aprio Wealth Management LLC bought a new stake in shares of Credicorp in the 4th quarter valued at about $200,000. Sanctuary Advisors LLC bought a new stake in shares of Credicorp in the 2nd quarter valued at about $210,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of Credicorp in the 3rd quarter valued at about $216,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Stock Down 2.1 %

Credicorp stock opened at $179.89 on Monday. The firm has a market cap of $14.31 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 0.66 and a beta of 1.12. The stock has a fifty day simple moving average of $187.17 and a two-hundred day simple moving average of $178.81. Credicorp Ltd. has a 12 month low of $145.00 and a 12 month 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.

Analysts Set New Price Targets

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

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.