Vanguard Group Inc. raised its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 659,904 shares of the bank's stock after purchasing an additional 19,145 shares during the quarter. Vanguard Group Inc. owned approximately 0.83% of Credicorp worth $120,974,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of BAP. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Credicorp by 37.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank's stock valued at $41,000 after purchasing an additional 62 shares during the last quarter. R Squared Ltd acquired a new position in shares of Credicorp during the 4th quarter valued at about $172,000. Aprio Wealth Management LLC acquired a new stake in Credicorp in the 4th quarter worth approximately $200,000. Callan Family Office LLC bought a new stake in Credicorp during the fourth quarter worth approximately $204,000. Finally, Park Avenue Securities LLC bought a new position in shares of Credicorp in the fourth quarter valued at approximately $238,000. 89.81% of the stock is owned by institutional investors and hedge funds.
Credicorp Price Performance
Credicorp stock traded up $5.91 during mid-day trading on Friday, hitting $177.98. 258,249 shares of the company were exchanged, compared to its average volume of 256,337. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $200.00. The company has a market capitalization of $14.16 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99. The business has a fifty day moving average of $184.88 and a 200 day moving average of $185.62. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68.
Credicorp (NYSE:BAP - Get Free Report) last issued 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%. As a group, sell-side analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current year.
Analyst Ratings Changes
Separately, Bank of America lowered Credicorp from a "buy" rating to a "neutral" rating and cut their price target for the stock from $209.00 to $208.00 in a report on Monday, December 16th.
Get Our Latest Stock Analysis on Credicorp
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.
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