Mondrian Investment Partners LTD cut its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 25.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 504,651 shares of the bank's stock after selling 176,438 shares during the quarter. Mondrian Investment Partners LTD owned 0.63% of Credicorp worth $92,402,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Credicorp by 782.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank's stock worth $240,138,000 after purchasing an additional 1,176,612 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Credicorp in the third quarter valued at about $42,794,000. FMR LLC boosted its holdings in Credicorp by 6.1% during the third quarter. FMR LLC now owns 3,446,621 shares of the bank's stock worth $623,735,000 after buying an additional 199,137 shares in the last quarter. TT International Asset Management LTD purchased a new stake in Credicorp during the third quarter worth about $25,081,000. Finally, SPX Gestao de Recursos Ltda acquired a new position in Credicorp during the third quarter worth about $22,285,000. Institutional investors and hedge funds own 89.81% of the company's stock.
Credicorp Price Performance
Shares of BAP stock traded up $0.70 during mid-day trading on Tuesday, reaching $191.51. The stock had a trading volume of 231,775 shares, compared to its average volume of 239,581. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $184.16 and a 200 day simple moving average of $184.27. The company has a market cap of $15.23 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10.
Credicorp (NYSE:BAP - Get Free Report) last posted its earnings results 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 net margin of 20.94% and a return on equity of 16.25%. On average, sell-side analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current year.
Analysts Set New Price Targets
Separately, Bank of America downgraded shares of Credicorp from a "buy" rating to a "neutral" rating and reduced their price target for the company from $209.00 to $208.00 in a research report on Monday, December 16th.
Get Our Latest Stock Analysis on BAP
Credicorp Company Profile
(
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.
Further Reading
Before you consider Credicorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Credicorp wasn't on the list.
While Credicorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
