Credicorp Ltd. (NYSE:BAP) Shares Bought by Axiom Investors LLC DE

Axiom Investors LLC DE grew its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 230.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,209 shares of the bank's stock after buying an additional 135,498 shares during the quarter. Axiom Investors LLC DE owned 0.24% of Credicorp worth $35,602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its holdings 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 acquiring an additional 62 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Credicorp in the fourth quarter valued at approximately $172,000. Aprio Wealth Management LLC purchased a new position in shares of Credicorp during the 4th quarter worth approximately $200,000. Callan Family Office LLC acquired a new position in shares of Credicorp during the 4th quarter worth approximately $204,000. Finally, Park Avenue Securities LLC purchased a new stake in Credicorp in the 4th quarter valued at approximately $238,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Credicorp Trading Down 5.3 %

Shares of NYSE BAP traded down $9.98 during midday trading on Friday, reaching $179.26. 646,325 shares of the stock were exchanged, compared to its average volume of 250,747. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $14.26 billion, a P/E ratio of 9.75, a P/E/G ratio of 0.56 and a beta of 0.99. The stock has a 50 day moving average price of $186.20 and a 200-day moving average price of $185.77. Credicorp Ltd. has a 52-week low of $153.27 and a 52-week high of $200.00.

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

Analyst Upgrades and Downgrades

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

Credicorp 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.