Carrhae Capital LLP Has $7.46 Million Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Carrhae Capital LLP reduced its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 73.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,669 shares of the bank's stock after selling 113,908 shares during the period. Credicorp comprises about 0.6% of Carrhae Capital LLP's holdings, making the stock its 20th largest position. Carrhae Capital LLP owned approximately 0.05% of Credicorp worth $7,455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Credicorp by 37.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank's stock worth $41,000 after purchasing an additional 62 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Credicorp by 4.2% during the 4th quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank's stock worth $283,000 after acquiring an additional 62 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Credicorp by 4.2% during the 4th 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 last quarter. Wasatch Advisors LP increased its holdings in shares of Credicorp by 0.7% during the 3rd quarter. Wasatch Advisors LP now owns 8,886 shares of the bank's stock valued at $1,608,000 after acquiring an additional 65 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Credicorp by 4.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,628 shares of the bank's stock valued at $298,000 after acquiring an additional 67 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

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

Credicorp Stock Performance

NYSE:BAP traded down $2.46 during trading hours on Friday, hitting $188.17. 244,673 shares of the company traded hands, compared to its average volume of 250,020. The firm has a 50-day moving average of $185.61 and a 200 day moving average of $185.38. 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 stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 0.56 and a beta of 1.10. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $200.00.

Credicorp (NYSE:BAP - Get Free Report) last released its quarterly earnings data 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%. On average, analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current 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.