Diamond Hill Capital Management Inc. trimmed its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 25.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,448 shares of the bank's stock after selling 1,905 shares during the period. Diamond Hill Capital Management Inc.'s holdings in Credicorp were worth $999,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in BAP. MassMutual Private Wealth & Trust FSB grew its holdings in Credicorp by 37.8% during 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 in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Credicorp during the 3rd quarter valued at about $58,000. R Squared Ltd bought a new stake in shares of Credicorp during the 4th quarter valued at about $172,000. Aprio Wealth Management LLC bought a new stake in shares of Credicorp during the 4th quarter valued at about $200,000. Finally, Callan Family Office LLC bought a new stake in shares of Credicorp during the 4th quarter valued at about $204,000. 89.81% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Bank of America downgraded shares of Credicorp from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $209.00 to $208.00 in a research report on Monday, December 16th.
Get Our Latest Research Report on Credicorp
Credicorp Stock Performance
Credicorp stock traded up $1.11 during midday trading on Wednesday, reaching $192.77. 310,528 shares of the stock traded hands, compared to its average volume of 239,946. 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 firm has a fifty day moving average price of $184.29 and a two-hundred day moving average price of $184.36. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.56 and a beta of 1.10. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00.
Credicorp (NYSE:BAP - Get Free Report) last posted its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) 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 research analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current year.
Credicorp Company 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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