Pictet Asset Management Holding SA decreased its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 84,119 shares of the bank's stock after selling 2,586 shares during the period. Pictet Asset Management Holding SA owned approximately 0.11% of Credicorp worth $15,421,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of BAP. MassMutual Private Wealth & Trust FSB increased 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 valued at $41,000 after purchasing an additional 62 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Credicorp in the 4th quarter worth $172,000. Aprio Wealth Management LLC purchased a new position in shares of Credicorp during the 4th quarter worth $200,000. Callan Family Office LLC acquired a new position in shares of Credicorp during the 4th quarter valued at about $204,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Credicorp in the fourth quarter valued at about $238,000. 89.81% of the stock is owned by hedge funds and other institutional investors.
Credicorp Trading Down 5.3 %
NYSE:BAP traded down $9.98 on Friday, reaching $179.26. The company's stock had a trading volume of 646,325 shares, compared to its average volume of 250,974. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. The stock has a 50 day moving average price of $186.20 and a 200 day moving average price of $185.89. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99. 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 (NYSE:BAP - Get Free Report) last issued its quarterly earnings data 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%. On average, equities analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Bank of America downgraded shares of Credicorp from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $209.00 to $208.00 in a research note on Monday, December 16th.
View Our Latest 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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