KLP Kapitalforvaltning AS bought a new stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 19,429 shares of the bank's stock, valued at approximately $3,562,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Credicorp by 37.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank's stock worth $41,000 after buying an additional 62 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in Credicorp in the 3rd quarter worth $58,000. R Squared Ltd acquired a new stake in Credicorp during the 4th quarter worth about $172,000. Aprio Wealth Management LLC purchased a new stake in Credicorp during the 4th quarter valued at about $200,000. Finally, Callan Family Office LLC acquired a new position in shares of Credicorp in the fourth quarter valued at about $204,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Bank of America downgraded Credicorp from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $209.00 to $208.00 in a report on Monday, December 16th.
View Our Latest Stock Analysis on Credicorp
Credicorp Stock Performance
NYSE:BAP traded down $2.46 during mid-day trading on Friday, hitting $188.17. The company's stock had a trading volume of 244,673 shares, compared to its average volume of 250,020. The business's fifty day moving average is $185.61 and its two-hundred day moving average is $185.46. The stock has a market cap of $14.97 billion, a price-to-earnings ratio of 10.23, a PEG 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 Ltd. has a 1 year low of $153.27 and a 1 year high of $200.00.
Credicorp (NYSE:BAP - Get Free Report) last issued its earnings results on Monday, February 10th. The bank reported $3.76 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%. Analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.
Credicorp Company Profile
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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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