Erste Asset Management GmbH Purchases Shares of 5,000 Credicorp Ltd. (NYSE:BAP)

Erste Asset Management GmbH acquired a new position in shares of Credicorp Ltd. (NYSE:BAP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,000 shares of the bank’s stock, valued at approximately $906,000.

A number of other large investors have also made changes to their positions in BAP. MassMutual Private Wealth & Trust FSB increased its stake in Credicorp by 37.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after acquiring an additional 62 shares during the period. Sanctuary Advisors LLC increased its position in shares of Credicorp by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank’s stock valued at $283,000 after purchasing an additional 62 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Credicorp by 4.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,555 shares of the bank’s stock valued at $285,000 after purchasing an additional 63 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of Credicorp by 0.7% in the third quarter. Wasatch Advisors LP now owns 8,886 shares of the bank’s stock valued at $1,608,000 after purchasing an additional 65 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Credicorp by 5.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,591 shares of the bank’s stock worth $292,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Trading Up 2.1 %

Shares of Credicorp stock opened at $188.97 on Friday. The stock has a market capitalization of $15.03 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. 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 50-day simple moving average of $184.10 and a 200 day simple moving average of $183.96.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. Research analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Credicorp

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.