Brandes Investment Partners LP Acquires 8,324 Shares of Credicorp Ltd. (NYSE:BAP)

Brandes Investment Partners LP raised its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 58.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,570 shares of the bank's stock after buying an additional 8,324 shares during the quarter. Brandes Investment Partners LP's holdings in Credicorp were worth $4,137,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. LBP AM SA grew its position in Credicorp by 2.0% in the fourth quarter. LBP AM SA now owns 29,097 shares of the bank's stock valued at $5,334,000 after acquiring an additional 565 shares during the period. Erste Asset Management GmbH bought a new stake in Credicorp in the fourth quarter valued at $906,000. Sequoia Financial Advisors LLC grew its position in Credicorp by 4.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,555 shares of the bank's stock valued at $285,000 after acquiring an additional 63 shares during the period. Natural Investments LLC bought a new stake in Credicorp in the fourth quarter valued at $553,000. Finally, Pzena Investment Management LLC grew its position in Credicorp by 5.2% in the fourth quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank's stock valued at $198,092,000 after acquiring an additional 53,746 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Trading Up 0.9 %

NYSE:BAP traded up $1.82 during mid-day trading on Thursday, hitting $194.24. The company had a trading volume of 320,176 shares, compared to its average volume of 240,602. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The business's fifty day moving average is $184.47 and its two-hundred day moving average is $184.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. The firm has a market cap of $15.45 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.56 and a beta of 1.10.

Remove Ads

Credicorp (NYSE:BAP - Get Free Report) last released its quarterly 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%. As a group, research analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Analyst Ratings Changes

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

About Credicorp

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.