Norges Bank purchased a new position in Credicorp Ltd. (NYSE:BAP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 459,377 shares of the bank's stock, valued at approximately $84,213,000. Norges Bank owned about 0.58% of Credicorp as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAP. Public Employees Retirement System of Ohio purchased a new stake in shares of Credicorp in the third quarter worth $42,794,000. GQG Partners LLC bought a new position in Credicorp in the 4th quarter worth about $40,187,000. TT International Asset Management LTD purchased a new stake in Credicorp during the 3rd quarter valued at about $25,081,000. SPX Gestao de Recursos Ltda bought a new stake in Credicorp during the 3rd quarter valued at about $22,285,000. Finally, Sei Investments Co. increased its stake in Credicorp by 44.9% during the 4th quarter. Sei Investments Co. now owns 333,380 shares of the bank's stock valued at $61,115,000 after purchasing an additional 103,308 shares in the last quarter. Institutional investors own 89.81% of the company's stock.
Credicorp Stock Performance
Shares of NYSE:BAP traded down $8.16 during midday trading on Monday, reaching $170.58. 874,478 shares of the company's stock traded hands, compared to its average volume of 253,611. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00. The company has a market cap of $13.57 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 0.56 and a beta of 0.99. The stock has a 50 day moving average of $185.99 and a 200 day moving average of $185.82.
Credicorp (NYSE:BAP - Get Free Report) last posted its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Bank of America cut shares of Credicorp from a "buy" rating to a "neutral" rating and cut their price target for the company from $209.00 to $208.00 in a report on Monday, December 16th.
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Credicorp 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.
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