Artisan Partners Limited Partnership Sells 32,937 Shares of Credicorp Ltd. (NYSE:BAP)

Artisan Partners Limited Partnership lessened its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 135,383 shares of the bank's stock after selling 32,937 shares during the period. Artisan Partners Limited Partnership owned 0.17% of Credicorp worth $24,818,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BAP. MassMutual Private Wealth & Trust FSB increased its position in Credicorp by 37.8% during 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 period. Brown Brothers Harriman & Co. bought a new position in Credicorp in the third quarter worth about $58,000. R Squared Ltd purchased a new stake in Credicorp in the fourth quarter worth about $172,000. Aprio Wealth Management LLC bought a new stake in Credicorp during the 4th quarter valued at approximately $200,000. Finally, Callan Family Office LLC purchased a new position in shares of Credicorp during the 4th quarter worth approximately $204,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Credicorp Stock Down 0.5 %

NYSE BAP traded down $0.88 during trading hours on Wednesday, reaching $191.67. 27,317 shares of the company's stock traded hands, compared to its average volume of 283,270. Credicorp Ltd. has a 52-week low of $153.27 and a 52-week high of $200.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. The firm has a 50-day simple moving average of $185.89 and a 200 day simple moving average of $185.66. The firm has a market cap of $15.24 billion, a PE ratio of 10.42, a PEG ratio of 0.56 and a beta of 1.10.

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Credicorp (NYSE:BAP - Get Free Report) last released its earnings results on Monday, February 10th. The bank reported $3.76 EPS for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. Sell-side analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Bank of America lowered Credicorp from a "buy" rating to a "neutral" rating and dropped their price target for the company from $209.00 to $208.00 in a research report on Monday, December 16th.

Credicorp Company Profile

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.