Wellington Management Group LLP grew its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 201,994 shares of the bank's stock after buying an additional 32,645 shares during the quarter. Wellington Management Group LLP owned 0.25% of Credicorp worth $37,030,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of BAP. MassMutual Private Wealth & Trust FSB lifted 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 valued at $41,000 after acquiring an additional 62 shares during the period. R Squared Ltd purchased a new position in shares of Credicorp during the 4th quarter valued at approximately $172,000. Aprio Wealth Management LLC acquired a new position in shares of Credicorp in the 4th quarter valued at $200,000. Callan Family Office LLC acquired a new position in shares of Credicorp in the 4th quarter valued at $204,000. Finally, Park Avenue Securities LLC purchased a new stake in Credicorp during the fourth quarter worth $238,000. Hedge funds and other institutional investors own 89.81% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Bank of America downgraded shares of Credicorp from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $209.00 to $208.00 in a research report on Monday, December 16th.
Read Our Latest Report on BAP
Credicorp Price Performance
Shares of BAP stock traded up $5.91 during trading hours on Friday, hitting $177.98. 258,249 shares of the company's stock were exchanged, compared to its average volume of 257,173. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The firm has a market cap of $14.16 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.56 and a beta of 0.99. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average of $184.88 and a two-hundred day moving average of $185.58.
Credicorp (NYSE:BAP - Get Free Report) last posted its quarterly earnings data 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%. Sell-side analysts forecast 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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