Amundi reduced its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 2.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 383,604 shares of the bank's stock after selling 9,452 shares during the quarter. Amundi owned approximately 0.48% of Credicorp worth $70,498,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in BAP. Nordea Investment Management AB grew its stake in shares of Credicorp by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 24,008 shares of the bank's stock valued at $4,362,000 after buying an additional 3,753 shares in the last quarter. Artemis Investment Management LLP bought a new position in shares of Credicorp in the fourth quarter valued at $9,349,000. Park Avenue Securities LLC bought a new position in shares of Credicorp in the fourth quarter valued at $238,000. FMR LLC lifted its holdings in Credicorp by 6.1% during the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank's stock valued at $623,735,000 after purchasing an additional 199,137 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in Credicorp by 20.0% during the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank's stock valued at $286,000 after purchasing an additional 260 shares during the last quarter. 89.81% of the stock is owned by institutional investors.
Credicorp Stock Performance
Shares of BAP traded up $3.89 during midday trading on Friday, reaching $188.97. 237,046 shares of the stock were exchanged, compared to its average volume of 240,862. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $200.00. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The company has a market cap of $15.03 billion, a P/E ratio of 10.28, a PEG ratio of 0.56 and a beta of 1.10. The stock's 50 day simple moving average is $184.10 and its 200 day simple moving average is $183.96.
Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The bank reported $3.76 EPS for the quarter, missing analysts' consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. On average, sell-side analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current year.
Analyst Upgrades and Downgrades
Separately, Bank of America downgraded Credicorp from a "buy" rating to a "neutral" rating and cut their price target for the company from $209.00 to $208.00 in a report on Monday, December 16th.
View Our Latest Research Report on BAP
About Credicorp
(
Free Report)
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.
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