Sei Investments Co. Raises Holdings in Credicorp Ltd. (NYSE:BAP)

Sei Investments Co. increased its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 44.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 333,380 shares of the bank's stock after purchasing an additional 103,308 shares during the period. Sei Investments Co. owned approximately 0.42% of Credicorp worth $61,115,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its holdings in Credicorp by 18.5% during 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 stake in shares of Credicorp in the fourth quarter worth about $9,349,000. Park Avenue Securities LLC purchased a new position in Credicorp during the 4th quarter valued at about $238,000. FMR LLC raised its position in Credicorp by 6.1% during the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank's stock valued at $623,735,000 after purchasing an additional 199,137 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in Credicorp by 20.0% in the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank's stock worth $286,000 after buying an additional 260 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Analyst Ratings Changes

Separately, Bank of America downgraded shares of 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.

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Credicorp Stock Down 0.5 %

NYSE:BAP traded down $0.99 during trading hours on Thursday, reaching $190.69. 481,092 shares of the company traded hands, compared to its average volume of 244,240. Credicorp Ltd. has a 1 year low of $153.27 and a 1 year high of $200.00. The stock has a market capitalization of $15.17 billion, a P/E ratio of 10.37, a P/E/G ratio of 0.56 and a beta of 1.10. The business's 50-day moving average price is $185.41 and its two-hundred day moving average price is $185.14. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68.

Credicorp (NYSE:BAP - Get Free Report) last announced 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%. Analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Credicorp 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.