Credicorp Ltd. (NYSE:BAP) Holdings Trimmed by DnB Asset Management AS

DnB Asset Management AS cut its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 37.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,900 shares of the bank's stock after selling 9,384 shares during the quarter. DnB Asset Management AS's holdings in Credicorp were worth $2,915,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its position in shares of Credicorp by 18.5% during the 4th quarter. Nordea Investment Management AB now owns 24,008 shares of the bank's stock valued at $4,362,000 after buying an additional 3,753 shares during the last quarter. Artemis Investment Management LLP acquired a new position in Credicorp during the 4th quarter valued at approximately $9,349,000. Park Avenue Securities LLC bought a new position in Credicorp during the 4th quarter worth $238,000. Atomi Financial Group Inc. increased its position in Credicorp by 20.0% in the fourth quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank's stock worth $286,000 after buying an additional 260 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Credicorp by 8.0% in the third quarter. Principal Financial Group Inc. now owns 347,083 shares of the bank's stock valued at $62,812,000 after buying an additional 25,742 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Ratings Changes

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

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Credicorp Stock Performance

Credicorp stock traded down $9.98 during mid-day trading on Friday, hitting $179.26. 646,325 shares of the company's stock traded hands, compared to its average volume of 250,974. 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 Ltd. has a one year low of $153.27 and a one year high of $200.00. The firm has a 50 day moving average price of $186.20 and a 200 day moving average price of $185.85. The company has a market cap of $14.26 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99.

Credicorp (NYSE:BAP - Get Free Report) last issued 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 net margin of 20.94% and a return on equity of 16.25%. On average, equities analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current year.

About Credicorp

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.