Handelsbanken Fonder AB Reduces Holdings in Credicorp Ltd. (NYSE:BAP)

Handelsbanken Fonder AB decreased its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 226,760 shares of the bank's stock after selling 1,645 shares during the period. Handelsbanken Fonder AB owned approximately 0.29% of Credicorp worth $41,570,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. New York State Common Retirement Fund lifted its position in Credicorp by 37.8% during the 4th quarter. New York State Common Retirement Fund now owns 59,689 shares of the bank's stock worth $10,942,000 after acquiring an additional 16,388 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Credicorp by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank's stock worth $283,000 after purchasing an additional 62 shares during the period. Principal Financial Group Inc. grew its position in Credicorp by 12.2% in the 4th quarter. Principal Financial Group Inc. now owns 389,338 shares of the bank's stock valued at $71,373,000 after buying an additional 42,255 shares during the last quarter. Rhumbline Advisers grew its position in Credicorp by 4.7% in the 4th quarter. Rhumbline Advisers now owns 16,139 shares of the bank's stock valued at $2,959,000 after buying an additional 730 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its stake in Credicorp by 28.0% in the 4th quarter. V Square Quantitative Management LLC now owns 2,880 shares of the bank's stock valued at $534,000 after buying an additional 630 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Credicorp Price Performance

BAP stock traded down $6.18 on Friday, reaching $178.74. 440,791 shares of the company's stock were exchanged, compared to its average volume of 273,385. The stock has a fifty day moving average of $184.28 and a 200-day moving average of $182.19. The firm has a market cap of $14.22 billion, a PE ratio of 9.72, a P/E/G ratio of 0.57 and a beta of 1.12. 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 twelve month low of $153.27 and a twelve month high of $200.00.

Credicorp (NYSE:BAP - Get Free Report) last posted its quarterly 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.

Analyst Ratings Changes

Several research firms have recently commented on BAP. JPMorgan Chase & Co. raised their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. Bank of America downgraded shares of Credicorp from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $209.00 to $208.00 in a research report on Monday, December 16th.

Credicorp Profile

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.