Massachusetts Financial Services Co. MA Sells 17,918 Shares of Credicorp Ltd. (NYSE:BAP)

Massachusetts Financial Services Co. MA decreased its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,024,964 shares of the bank's stock after selling 17,918 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 3.80% of Credicorp worth $554,536,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of Credicorp by 2.0% in the 3rd quarter. State Street Corp now owns 1,123,023 shares of the bank's stock worth $207,235,000 after purchasing an additional 21,943 shares during the last quarter. Ninety One UK Ltd grew its stake in Credicorp by 4.7% during the fourth quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank's stock worth $199,697,000 after buying an additional 49,031 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Credicorp by 5.2% during the fourth quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank's stock worth $198,092,000 after buying an additional 53,746 shares in the last quarter. ARGA Investment Management LP raised its stake in shares of Credicorp by 0.9% in the fourth quarter. ARGA Investment Management LP now owns 794,587 shares of the bank's stock valued at $145,664,000 after acquiring an additional 6,864 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Credicorp by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 659,904 shares of the bank's stock worth $120,974,000 after acquiring an additional 19,145 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Remove Ads

Credicorp Trading Down 6.0 %

BAP stock traded down $10.79 during midday trading on Monday, reaching $167.95. The company's stock had a trading volume of 307,988 shares, compared to its average volume of 251,325. The business's 50-day simple moving average is $186.20 and its 200-day simple moving average is $185.89. 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 52 week low of $153.27 and a 52 week high of $200.00. The stock has a market cap of $13.36 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99.

Credicorp (NYSE:BAP - Get Free Report) last announced 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 net margin of 20.94% and a return on equity of 16.25%. As a group, sell-side analysts expect that Credicorp Ltd. will post 21.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Bank of America cut Credicorp from a "buy" rating to a "neutral" rating and dropped their price target for the company from $209.00 to $208.00 in a 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.