INCA Investments LLC Sells 61,508 Shares of Credicorp Ltd. (NYSE:BAP)

INCA Investments LLC reduced its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 23.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 201,338 shares of the bank's stock after selling 61,508 shares during the period. Credicorp comprises approximately 15.2% of INCA Investments LLC's holdings, making the stock its 2nd biggest holding. INCA Investments LLC owned 0.25% of Credicorp worth $36,909,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BAP. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 during the period. Brown Brothers Harriman & Co. purchased a new position in Credicorp during the third quarter worth approximately $58,000. R Squared Ltd purchased a new position in Credicorp during the fourth quarter worth approximately $172,000. Aprio Wealth Management LLC acquired a new position in shares of Credicorp in the 4th quarter valued at $200,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Credicorp during the 2nd quarter valued at $210,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Credicorp Stock Down 0.6 %

NYSE BAP traded down $1.10 during trading hours on Tuesday, hitting $185.00. The company had a trading volume of 269,025 shares, compared to its average volume of 264,183. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The company has a market capitalization of $14.72 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 0.51 and a beta of 1.12. The firm's 50 day moving average is $184.78 and its 200 day moving average is $182.00.

Credicorp (NYSE:BAP - Get Free Report) last released 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 15.59% and a net margin of 20.11%. Sell-side analysts anticipate that Credicorp Ltd. will post 18.99 earnings per share for the current fiscal year.

About Credicorp

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.