Shares last traded at $185.92 just a bit higher than the 50 day moving average of $174.13 and which is marginally over the 200 day moving average of $164.71. The 50 day moving average went up by +6.77% and the 200 day average was up $21.21. Trading was light with 347K shares changing hands on Thursday. Shares saw a steep decrease in trading volume of 27.98% under the normal average daily volume.
These funds have also shifted positions in (BAP). As of the end of the quarter Fisher Asset Management, LLC had disposed of a total of 1,866 shares trimming its position 0.1%. The value of the company’s investment in Credicorp Ltd. increased from $210,948,000 to $231,397,000 a change of 9.7% since the last quarter. As of quarter end Genesis Asset Managers, Llp had bought 139,292 shares growing its holdings by 6.6%. The value of the investment in Credicorp Ltd. went from $346,366,000 to $405,481,000 increasing 17.1% quarter over quarter.
Capstone Asset Management Co downsized its holdings by selling 350 shares a decrease of 4.4% as of 06/30/2017. Capstone Asset Management Co now controls 7,582 shares worth $1,360,000. The value of the position overall is up by 5.0%. Xact Kapitalforvaltning Ab bolstered its ownership by buying 2,000 shares an increase of 15.0% from 03/31/2017 to 06/30/2017. Xact Kapitalforvaltning Ab now holds 15,352 shares valued at $2,754,000. The total value of its holdings increased 26.3%.
On March 24 the company was downgraded from “Buy” to “Hold” in an announcement from Santander. March 15 investment analysts at Barclays kept the stock rating at “Overweight” but moved up the price target to $149.00 from $146.00.
Scotiabank initiated coverage on BAP with an initial rating of “Outperform”. On February 11 JP Morgan held the stock rating at “Neutral” but lowered the price target from $179.00 to $168.00.
On July 15 JP Morgan maintained a stock rating of “Neutral” and raised the price target from $173.00 to $175.00. On May 12 JP Morgan made no change to the stock rating of “Overweight” and raised the price expectation to $173.00 from $170.00.
The company is now up by 0.76 percent from yesterday’s close. The company declared a dividend which was paid on Friday the 12th of May 2017. The dividend was $0.945 per share for the quarter which comes to $3.78 on an annualized basis. This dividend represents a yield of $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 $14.22 for the current year with 79,468,000 shares now outstanding. Next quarter’s EPS is expected be $3.62 and the next full year EPS is projected to be $16.32.
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)..