William Blair Investment Management LLC Increases Stake in Credicorp Ltd. (NYSE:BAP)

William Blair Investment Management LLC boosted its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 478,867 shares of the bank's stock after purchasing an additional 67,602 shares during the quarter. William Blair Investment Management LLC owned about 0.60% of Credicorp worth $87,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. OneDigital Investment Advisors LLC purchased a new stake in shares of Credicorp in the 3rd quarter valued at about $249,000. NS Partners Ltd bought a new position in shares of Credicorp in the third quarter worth approximately $10,894,000. Pzena Investment Management LLC raised its stake in Credicorp by 9.8% in the third quarter. Pzena Investment Management LLC now owns 1,026,833 shares of the bank's stock valued at $185,826,000 after purchasing an additional 91,877 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Credicorp by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,042,882 shares of the bank's stock valued at $550,670,000 after purchasing an additional 13,868 shares during the last quarter. Finally, Citigroup Inc. grew its stake in Credicorp by 4.7% in the 3rd quarter. Citigroup Inc. now owns 197,889 shares of the bank's stock worth $35,812,000 after buying an additional 8,924 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Bank of America cut shares of Credicorp from a "buy" rating to a "neutral" rating and lowered 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 Price Performance

Shares of BAP traded down $1.16 during midday trading on Friday, reaching $193.13. The stock had a trading volume of 402,095 shares, compared to its average volume of 241,367. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. 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 Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. The company's 50-day moving average is $184.68 and its 200 day moving average is $184.48.

Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The bank reported $3.76 EPS 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%. On average, equities analysts predict 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.