Polaris Capital Management LLC Reduces Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Polaris Capital Management LLC reduced its position in Credicorp Ltd. (NYSE:BAP) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,600 shares of the bank’s stock after selling 200 shares during the period. Polaris Capital Management LLC’s holdings in Credicorp were worth $660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its position in Credicorp by 37.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after acquiring an additional 62 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Credicorp during the third quarter worth about $58,000. R Squared Ltd purchased a new position in shares of Credicorp in the fourth quarter valued at approximately $172,000. Aprio Wealth Management LLC purchased a new position in shares of Credicorp in the fourth quarter valued at approximately $200,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Credicorp in the second quarter valued at approximately $210,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on BAP. Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and reduced their target price for the company from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. raised their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th.

Credicorp Stock Performance

NYSE:BAP opened at $191.23 on Tuesday. The firm’s fifty day moving average price is $185.33 and its 200 day moving average price is $181.29. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $200.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $15.21 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.51 and a beta of 1.12.

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.