Schroder Investment Management Group lessened its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 13.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,308,758 shares of the bank's stock after selling 199,904 shares during the period. Schroder Investment Management Group owned 1.65% of Credicorp worth $239,922,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of BAP. Nordea Investment Management AB raised its holdings in Credicorp by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 24,008 shares of the bank's stock valued at $4,362,000 after buying an additional 3,753 shares during the last quarter. Artemis Investment Management LLP bought a new position in shares of Credicorp during the fourth quarter valued at $9,349,000. Park Avenue Securities LLC acquired a new position in shares of Credicorp during the fourth quarter worth $238,000. Atomi Financial Group Inc. grew its stake in shares of Credicorp by 20.0% in the fourth quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank's stock worth $286,000 after purchasing an additional 260 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Credicorp by 8.0% in the third quarter. Principal Financial Group Inc. now owns 347,083 shares of the bank's stock valued at $62,812,000 after purchasing an additional 25,742 shares during the period. 89.81% of the stock is currently owned by institutional investors.
Credicorp Trading Down 0.7 %
Shares of NYSE:BAP traded down $1.34 during trading on Thursday, reaching $192.26. The stock had a trading volume of 103,433 shares, compared to its average volume of 249,281. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $200.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. The firm's fifty day moving average is $186.10 and its 200 day moving average is $185.71. The stock has a market cap of $15.29 billion, a price-to-earnings ratio of 10.45, a P/E/G 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 analysts' consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. As a group, equities analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Bank of America lowered 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.
View Our Latest Stock Report on BAP
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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