Mitsubishi UFJ Trust & Banking Corp grew its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 262,320 shares of the bank's stock after acquiring an additional 1,658 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.33% of Credicorp worth $48,129,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. GQG Partners LLC bought a new stake in Credicorp in the fourth quarter valued at approximately $40,187,000. Vanguard Group Inc. increased its position in shares of Credicorp by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 659,904 shares of the bank's stock valued at $120,974,000 after buying an additional 19,145 shares in the last quarter. LPL Financial LLC raised its stake in Credicorp by 44.4% during the 4th quarter. LPL Financial LLC now owns 4,419 shares of the bank's stock worth $810,000 after buying an additional 1,358 shares during the period. Fox Run Management L.L.C. bought a new position in Credicorp during the fourth quarter worth about $862,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Credicorp in the fourth quarter valued at about $3,562,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.
Credicorp Stock Down 1.3 %
BAP traded down $2.46 during trading on Friday, hitting $188.17. The company had a trading volume of 244,673 shares, compared to its average volume of 250,020. The company has a market capitalization of $14.97 billion, a PE ratio of 10.23, a PEG ratio of 0.56 and a beta of 1.10. 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 one year low of $153.27 and a one year high of $200.00. The firm's 50-day moving average price is $185.61 and its 200 day moving average price is $185.38.
Credicorp (NYSE:BAP - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing the consensus estimate 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 expect that Credicorp Ltd. will post 21.9 earnings per share for the current year.
Analyst Ratings Changes
Separately, Bank of America cut Credicorp from a "buy" rating to a "neutral" rating and cut their price objective for the company from $209.00 to $208.00 in a report on Monday, December 16th.
View Our Latest Stock Report on Credicorp
About Credicorp
(
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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