Fox Run Management L.L.C. acquired a new position in Credicorp Ltd. (NYSE:BAP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,704 shares of the bank's stock, valued at approximately $862,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BAP. Nordea Investment Management AB increased its stake 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 worth $4,362,000 after purchasing an additional 3,753 shares during the last quarter. Artemis Investment Management LLP acquired a new position in Credicorp during the fourth quarter worth $9,349,000. Park Avenue Securities LLC bought a new position in shares of Credicorp in the 4th quarter valued at approximately $238,000. FMR LLC raised its position in shares of Credicorp by 6.1% in the third 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. raised its holdings in Credicorp by 20.0% in the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank's stock worth $286,000 after acquiring an additional 260 shares during the period. Institutional investors own 89.81% of the company's stock.
Wall Street Analyst Weigh In
Separately, Bank of America cut shares of Credicorp from a "buy" rating to a "neutral" rating and decreased their price target for the company from $209.00 to $208.00 in a report on Monday, December 16th.
View Our Latest Research Report on BAP
Credicorp Stock Performance
Shares of Credicorp stock traded down $2.46 during midday trading on Friday, hitting $188.17. The company had a trading volume of 244,673 shares, compared to its average volume of 250,020. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $200.00. The business's 50 day simple moving average is $185.61 and its two-hundred day simple moving average is $185.28. The stock has a market cap of $14.97 billion, a PE ratio of 10.23, a P/E/G ratio of 0.56 and a beta of 1.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07.
Credicorp (NYSE:BAP - Get Free Report) last released its earnings results 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%. As a group, equities analysts predict that Credicorp Ltd. will post 21.9 EPS for the current fiscal 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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