Bank of Nova Scotia Decreases Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Bank of Nova Scotia cut its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 20.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 712,185 shares of the bank's stock after selling 185,184 shares during the quarter. Bank of Nova Scotia owned 0.90% of Credicorp worth $130,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Nordea Investment Management AB raised its holdings in shares of Credicorp by 18.5% during the fourth quarter. Nordea Investment Management AB now owns 24,008 shares of the bank's stock worth $4,362,000 after purchasing an additional 3,753 shares during the last quarter. Artemis Investment Management LLP purchased a new position in shares of Credicorp during the 4th quarter valued at about $9,349,000. Park Avenue Securities LLC acquired a new position in shares of Credicorp in the 4th quarter valued at about $238,000. Atomi Financial Group Inc. boosted its stake in shares of Credicorp by 20.0% in the fourth quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank's stock worth $286,000 after buying an additional 260 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Credicorp by 8.0% during the third quarter. Principal Financial Group Inc. now owns 347,083 shares of the bank's stock worth $62,812,000 after acquiring an additional 25,742 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Price Performance

Shares of NYSE:BAP traded up $5.91 during midday trading on Friday, reaching $177.98. 258,249 shares of the company's stock traded hands, compared to its average volume of 256,337. The company has a market cap of $14.16 billion, a P/E ratio of 9.68, a PEG ratio of 0.56 and a beta of 0.99. The company has a fifty day simple moving average of $184.88 and a two-hundred day simple moving average of $185.62. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a 1 year low of $153.27 and a 1 year high of $200.00.

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 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%. Equities analysts predict that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Bank of America lowered Credicorp from a "buy" rating to a "neutral" rating and lowered their price objective for the stock 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.