Canada Pension Plan Investment Board increased its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 130.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 494,526 shares of the bank's stock after buying an additional 280,361 shares during the quarter. Canada Pension Plan Investment Board owned about 0.62% of Credicorp worth $90,657,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Credicorp during the 4th quarter worth $84,213,000. GQG Partners LLC purchased a new position in Credicorp during the fourth quarter valued at approximately $40,187,000. FMR LLC increased its holdings in Credicorp by 5.7% during the 4th quarter. FMR LLC now owns 3,642,818 shares of the bank's stock worth $667,801,000 after acquiring an additional 196,197 shares during the period. Axiom Investors LLC DE boosted its holdings in Credicorp by 230.8% in the 4th quarter. Axiom Investors LLC DE now owns 194,209 shares of the bank's stock valued at $35,602,000 after purchasing an additional 135,498 shares during the period. Finally, SPX Gestao de Recursos Ltda purchased a new position in shares of Credicorp during the 3rd quarter valued at $22,285,000. Institutional investors and hedge funds own 89.81% of the company's stock.
Credicorp Price Performance
Shares of BAP traded up $0.32 during trading hours on Wednesday, reaching $191.59. 73,215 shares of the company's stock traded hands, compared to its average volume of 256,157. 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 firm's 50 day simple moving average is $184.52 and its 200-day simple moving average is $185.76. The stock has a market cap of $15.24 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $200.00.
Credicorp (NYSE:BAP - Get Free Report) last announced its 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 analysts expect that Credicorp Ltd. will post 21.9 EPS for the current year.
About Credicorp
(
Free Report)
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.
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