Quantbot Technologies LP bought a new stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,268 shares of the bank's stock, valued at approximately $782,000.
Several other institutional investors have also recently made changes to their positions in BAP. MassMutual Private Wealth & Trust FSB raised its stake in shares of Credicorp by 37.8% during the 4th 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 period. Brown Brothers Harriman & Co. bought a new stake in shares of Credicorp during the third quarter valued at about $58,000. R Squared Ltd purchased a new stake in shares of Credicorp in the fourth quarter worth about $172,000. Aprio Wealth Management LLC bought a new position in shares of Credicorp in the fourth quarter valued at approximately $200,000. Finally, Callan Family Office LLC purchased a new position in Credicorp during the fourth quarter valued at approximately $204,000. Hedge funds and other institutional investors own 89.81% of the company's stock.
Credicorp Price Performance
Shares of NYSE:BAP traded down $2.46 on Friday, hitting $188.17. The company's stock 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 debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. The company has a 50-day simple moving average of $185.61 and a 200 day simple moving average of $185.46. Credicorp Ltd. has a 1 year low of $153.27 and a 1 year high of $200.00.
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%. Sell-side analysts forecast 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 lowered their target price for the stock from $209.00 to $208.00 in a research note on Monday, December 16th.
Check Out 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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