Erste Asset Management GmbH acquired a new position in Credicorp Ltd. (NYSE:BAP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,000 shares of the bank's stock, valued at approximately $906,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in Credicorp by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 24,008 shares of the bank's stock worth $4,362,000 after buying an additional 3,753 shares during the period. Artemis Investment Management LLP purchased a new position in shares of Credicorp in the 4th quarter valued at approximately $9,349,000. Park Avenue Securities LLC purchased a new position in shares of Credicorp in the 4th quarter valued at approximately $238,000. FMR LLC lifted its stake in shares of Credicorp by 6.1% in the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank's stock valued at $623,735,000 after purchasing an additional 199,137 shares during the period. Finally, Atomi Financial Group Inc. lifted its stake in shares of Credicorp by 20.0% in the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank's stock valued at $286,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Bank of America cut Credicorp from a "buy" rating to a "neutral" rating and lowered their target price for the company from $209.00 to $208.00 in a research note on Monday, December 16th.
Get Our Latest Report on BAP
Credicorp Stock Up 0.6 %
Shares of BAP traded up $1.11 on Wednesday, reaching $192.77. The stock had a trading volume of 310,528 shares, compared to its average volume of 239,946. The company has a 50-day simple moving average of $184.29 and a 200-day simple moving average of $184.36. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02.
Credicorp (NYSE:BAP - Get Free Report) last announced its quarterly earnings data 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%. Sell-side analysts predict 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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