FMR LLC lifted its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,642,818 shares of the bank's stock after purchasing an additional 196,197 shares during the period. FMR LLC owned 4.58% of Credicorp worth $667,801,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Credicorp in the fourth quarter valued at $38,000. MassMutual Private Wealth & Trust FSB increased its holdings in Credicorp by 37.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank's stock worth $41,000 after acquiring an additional 62 shares during the last quarter. Wells Fargo & Company MN raised its stake in Credicorp by 45.7% in the 4th quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock valued at $127,000 after acquiring an additional 217 shares during the period. R Squared Ltd purchased a new stake in Credicorp during the fourth quarter valued at about $172,000. Finally, Aprio Wealth Management LLC bought a new position in Credicorp during the fourth quarter worth about $200,000. Institutional investors own 89.81% of the company's stock.
Wall Street Analyst Weigh In
Separately, Bank of America cut shares of Credicorp from a "buy" rating to a "neutral" rating and dropped their price target for the company from $209.00 to $208.00 in a research note on Monday, December 16th.
Get Our Latest Stock Analysis on Credicorp
Credicorp Price Performance
BAP stock traded up $5.47 during mid-day trading on Monday, reaching $183.34. 30,426 shares of the company traded hands, compared to its average volume of 255,479. The company has a fifty day moving average price of $184.88 and a 200-day moving average price of $185.62. Credicorp Ltd. has a 52-week low of $153.27 and a 52-week high of $200.00. The company has a market capitalization of $14.58 billion, a P/E ratio of 9.97, a P/E/G ratio of 0.56 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07.
Credicorp (NYSE:BAP - Get Free Report) last posted its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share 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, analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current year.
Credicorp Profile
(
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.
Featured Articles
Before you consider Credicorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Credicorp wasn't on the list.
While Credicorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
