BIT Capital GmbH Has $1.60 Million Position in Credicorp Ltd. (NYSE:BAP)

BIT Capital GmbH raised its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 49.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,705 shares of the bank's stock after acquiring an additional 2,887 shares during the quarter. BIT Capital GmbH's holdings in Credicorp were worth $1,596,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB lifted its position in shares of Credicorp by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 24,008 shares of the bank's stock worth $4,362,000 after buying an additional 3,753 shares during the last quarter. Artemis Investment Management LLP bought a new stake in Credicorp during the 4th quarter valued at $9,349,000. Park Avenue Securities LLC acquired a new position in shares of Credicorp during the fourth quarter valued at $238,000. FMR LLC raised its position in shares of Credicorp by 6.1% during the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank's stock worth $623,735,000 after buying an additional 199,137 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in shares of Credicorp by 20.0% in the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank's stock worth $286,000 after acquiring an additional 260 shares during the period. Institutional investors own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Credicorp Stock Performance

NYSE BAP traded down $1.78 during trading on Monday, hitting $186.39. The company's stock had a trading volume of 78,018 shares, compared to its average volume of 282,646. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week 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 firm has a market cap of $14.82 billion, a P/E ratio of 10.14, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. The firm has a 50 day moving average price of $185.61 and a 200 day moving average price of $185.46.

Credicorp (NYSE:BAP - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (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%. Equities research analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

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.