Hosking Partners LLP Reduces Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Hosking Partners LLP cut its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 16.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,749 shares of the bank's stock after selling 16,346 shares during the quarter. Hosking Partners LLP owned approximately 0.11% of Credicorp worth $15,536,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BAP. Y Intercept Hong Kong Ltd raised its stake in shares of Credicorp by 46.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 3,138 shares of the bank's stock worth $575,000 after acquiring an additional 997 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Credicorp by 37.8% in the fourth quarter. New York State Common Retirement Fund now owns 59,689 shares of the bank's stock worth $10,942,000 after purchasing an additional 16,388 shares during the last quarter. Sanctuary Advisors LLC increased its position 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 in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Credicorp by 12.2% during the 4th quarter. Principal Financial Group Inc. now owns 389,338 shares of the bank's stock valued at $71,373,000 after purchasing an additional 42,255 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Credicorp by 4.7% in the 4th quarter. Rhumbline Advisers now owns 16,139 shares of the bank's stock worth $2,959,000 after purchasing an additional 730 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Bank of America lowered Credicorp from a "buy" rating to a "neutral" rating and reduced their target price for the company from $209.00 to $208.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on shares of Credicorp from $200.00 to $219.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th.

Credicorp Stock Performance

Shares of NYSE:BAP traded down $0.74 on Tuesday, hitting $182.93. 237,334 shares of the company were exchanged, compared to its average volume of 239,866. The firm has a market capitalization of $14.55 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 0.56 and a beta of 1.12. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $200.00. The stock's 50 day moving average price is $184.04 and its 200 day moving average price is $183.25.

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

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.