Credicorp LTD (BAP) Share Price Rose While Genesis Asset Managers Llp Decreased Its Holding

February 24, 2018 - By Adrian Mccoy

Genesis Asset Managers Llp decreased its stake in Credicorp Ltd (BAP) by 11.42% based on its latest 2017Q3 regulatory filing with the SEC. Genesis Asset Managers Llp sold 258,115 shares as the company’s stock rose 3.78% with the market. The institutional investor held 2.00 million shares of the commercial banks company at the end of 2017Q3, valued at $410.50M, down from 2.26M at the end of the previous reported quarter. Genesis Asset Managers Llp who had been investing in Credicorp Ltd for a number of months, seems to be less bullish one the $17.38B market cap company. The stock decreased 0.65% or $1.43 during the last trading session, reaching $217.95. About 94,003 shares traded. Credicorp Ltd. (NYSE:BAP) has risen 23.51% since February 24, 2017 and is uptrending. It has outperformed by 6.81% the S&P500.

Analysts await Credicorp Ltd. (NYSE:BAP) to report earnings on May, 4. They expect $3.93 earnings per share, up 17.31 % or $0.58 from last year’s $3.35 per share. BAP’s profit will be $313.46M for 13.86 P/E if the $3.93 EPS becomes a reality. After $4.11 actual earnings per share reported by Credicorp Ltd. for the previous quarter, Wall Street now forecasts -4.38 % negative EPS growth.

More recent Credicorp Ltd. (NYSE:BAP) news were published by: Benzinga.com which released: “Earnings Scheduled For February 5, 2018” on February 05, 2018. Also Benzinga.com published the news titled: “Earnings Scheduled For August 7, 2017” on August 07, 2017. Investorplace.com‘s news article titled: “7 Bank Stocks That Will Crush the Market in 2017” with publication date: December 09, 2016 was also an interesting one.

Credicorp Ltd. (NYSE:BAP) Ratings Coverage

Among 9 analysts covering Credicorp LTD (NYSE:BAP), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Credicorp LTD had 12 analyst reports since September 11, 2015 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Thursday, August 11. The rating was upgraded by Morgan Stanley to “Overweight” on Friday, September 11. The stock of Credicorp Ltd. (NYSE:BAP) earned “Buy” rating by UBS on Tuesday, August 15. As per Thursday, March 24, the company rating was downgraded by Santander. The rating was downgraded by Citigroup on Friday, September 29 to “Neutral”. As per Monday, November 13, the company rating was downgraded by HSBC. Scotia Capital initiated Credicorp Ltd. (NYSE:BAP) on Tuesday, March 15 with “Outperform” rating. The company was maintained on Wednesday, September 21 by Credit Suisse. Barclays Capital maintained Credicorp Ltd. (NYSE:BAP) rating on Tuesday, March 15. Barclays Capital has “Overweight” rating and $149 target.

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