The company is so far trading up from yesterday’s close of $184.52. The stock last traded at $186.39 a tad higher than the 50 day moving average which is $174.13 and slightly over the 200 day moving average of $164.71. The 50 day moving average went up by +7.10% and the 200 day average went up by +13.23%.
Credicorp Ltd. (Credicorp), launched on August 17, 1995, is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. The Business’s principal operating subsidiaries include Banco de Credito del Peru (BCP); Atlantic Security Bank (ASB), which it holds through Atlantic Security Holding Corporation (ASHC); El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP S.A., and Credicorp Capital Ltd. (Credicorp Capital)..
Here are a few additional firms who have increased or decreased their stake in (BAP). Capstone Asset Management Co cut its position by selling 350 shares a decrease of 4.4% as of 06/30/2017. Capstone Asset Management Co controls 7,582 shares worth $1,360,000. The value of the position overall is up by 5.0%. Xact Kapitalforvaltning Ab expanded its stake by buying 2,000 shares an increase of 15.0% in the quarter. Xact Kapitalforvaltning Ab claims 15,352 shares with a value of $2,754,000. The total value of its holdings increased 26.3%.
As of the end of the quarter Nomura Asset Management Co Ltd had acquired 122 shares growing its position 2.9%. The value in dollars increased from $672,000 to $716,000 increasing 6.5% for the reporting period. As of quarter end Tower Research Capital LLC (trc) had bought a total of 282 shares growing its holdings by 50.0%. The value of the investment in (BAP) went from $89,000 to $138,000 a change of $49,000 quarter over quarter.
On March 24 the company was downgraded to “Hold” from “Buy” in a report issued by Santander. On March 15 Barclays held the stock rating at “Overweight” and moved up the price target from $146.00 to $149.00.
On March 15 analysts at Scotiabank started coverage with an initial rating of “Outperform”. February 11 investment analysts at JP Morgan kept the stock rating at “Neutral” and lowered the price target to $168.00 from $179.00.
July 15 investment analysts at JP Morgan made no change to the company rating of “Neutral” but raised the price target to $175.00 from $173.00. On May 12 JP Morgan left the company rating at “Overweight” but moved up the price target from $170.00 to $173.00.
The company also recently announced a dividend that was paid on Fri May 12, 2017. The dividend was $0.945 per share for the quarter which is $3.78 annualized. The dividend yield was $2.08. The ex-dividend date was set for Wednesday the 12th of April 2017.
As of the latest earnings report the EPS was $11.51 and is expected to be $14.19 for the current year with 79,468,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $3.62 with next year’s EPS anticipated to be $16.32.