Skandinaviska Enskilda Banken AB publ Cuts Stake in Credicorp Ltd. (NYSE:BAP)

Skandinaviska Enskilda Banken AB publ trimmed its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 28.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,900 shares of the bank's stock after selling 10,200 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Credicorp were worth $4,667,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BAP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Credicorp by 782.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank's stock valued at $240,138,000 after buying an additional 1,176,612 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Credicorp during the 3rd quarter worth $42,794,000. FMR LLC grew its position in shares of 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 acquiring an additional 199,137 shares during the period. TT International Asset Management LTD purchased a new stake in shares of Credicorp in the 3rd quarter worth $25,081,000. Finally, SPX Gestao de Recursos Ltda bought a new position in Credicorp in the 3rd quarter worth $22,285,000. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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Credicorp Price Performance

NYSE:BAP traded up $1.11 during trading hours on Wednesday, hitting $192.77. 310,528 shares of the stock traded hands, compared to its average volume of 239,946. The stock has a 50 day moving average price of $184.29 and a 200 day moving average price of $184.36. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The company has a market cap of $15.33 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. 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 released its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing analysts' consensus estimates of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. Sell-side analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

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.