Royal London Asset Management Ltd. Sells 44,672 Shares of Credicorp Ltd. (NYSE:BAP)

Royal London Asset Management Ltd. lowered its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 31.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,369 shares of the bank's stock after selling 44,672 shares during the period. Royal London Asset Management Ltd. owned approximately 0.12% of Credicorp worth $17,666,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of BAP. William Blair Investment Management LLC increased its holdings in shares of Credicorp by 16.4% in the 4th quarter. William Blair Investment Management LLC now owns 478,867 shares of the bank's stock worth $87,786,000 after buying an additional 67,602 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Credicorp by 4.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,628 shares of the bank's stock worth $298,000 after acquiring an additional 67 shares in the last quarter. Natixis Advisors LLC increased its stake in Credicorp by 0.7% in the fourth quarter. Natixis Advisors LLC now owns 14,149 shares of the bank's stock valued at $2,594,000 after acquiring an additional 97 shares during the last quarter. Brandes Investment Partners LP raised its position in Credicorp by 58.4% during the fourth quarter. Brandes Investment Partners LP now owns 22,570 shares of the bank's stock valued at $4,137,000 after purchasing an additional 8,324 shares in the last quarter. Finally, LBP AM SA lifted its stake in Credicorp by 2.0% during the fourth quarter. LBP AM SA now owns 29,097 shares of the bank's stock worth $5,334,000 after purchasing an additional 565 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

Remove Ads

Credicorp Trading Down 2.9 %

Shares of Credicorp stock traded down $5.65 during trading on Wednesday, reaching $191.76. The company's stock had a trading volume of 543,843 shares, compared to its average volume of 283,436. 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 52-week low of $153.27 and a 52-week high of $200.00. The firm's 50-day moving average is $185.38 and its two-hundred day moving average is $185.10. The company has a market cap of $15.25 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.56 and a beta of 1.10.

Credicorp (NYSE:BAP - Get Free Report) last posted its quarterly 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%. On average, sell-side analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Bank of America lowered Credicorp from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $209.00 to $208.00 in a research report on Monday, December 16th.

Credicorp Company Profile

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.