Arrowstreet Capital Limited Partnership lowered its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 28.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,255 shares of the bank's stock after selling 176,453 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.55% of Credicorp worth $80,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also made changes to their positions in BAP. MassMutual Private Wealth & Trust FSB increased its position in shares of Credicorp by 37.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank's stock valued at $41,000 after purchasing an additional 62 shares during the last quarter. R Squared Ltd purchased a new position in shares of Credicorp in the 4th quarter valued at about $172,000. Aprio Wealth Management LLC acquired a new stake in shares of Credicorp during the 4th quarter worth about $200,000. Callan Family Office LLC purchased a new stake in Credicorp during the fourth quarter worth approximately $204,000. Finally, Park Avenue Securities LLC acquired a new position in Credicorp in the fourth quarter valued at approximately $238,000. Hedge funds and other institutional investors own 89.81% of the company's stock.
Credicorp Stock Performance
Shares of Credicorp stock traded down $9.98 on Friday, hitting $179.26. The stock had a trading volume of 646,325 shares, compared to its average volume of 250,974. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 9.75, a P/E/G ratio of 0.56 and a beta of 0.99. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. Credicorp Ltd. has a 52-week low of $153.27 and a 52-week high of $200.00. The company's 50 day moving average price is $186.20 and its 200 day moving average price is $185.85.
Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing analysts' consensus estimates of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. On average, research analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current year.
Analyst Ratings Changes
Separately, Bank of America downgraded shares of Credicorp from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $209.00 to $208.00 in a research report on Monday, December 16th.
Read Our Latest 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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