Arrowstreet Capital Limited Partnership Reduces Stock Position in Credicorp Ltd. (NYSE:BAP)

Arrowstreet Capital Limited Partnership trimmed its holdings in Credicorp Ltd. (NYSE:BAP) by 28.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 440,255 shares of the bank’s stock after selling 176,453 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.55% of Credicorp worth $80,708,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in Credicorp by 37.8% in 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 in the last quarter. R Squared Ltd bought a new stake in shares of Credicorp in the 4th quarter worth about $172,000. Aprio Wealth Management LLC acquired a new stake in shares of Credicorp in the 4th quarter valued at about $200,000. Callan Family Office LLC bought a new position in shares of Credicorp during the fourth quarter worth about $204,000. Finally, Park Avenue Securities LLC acquired a new position in Credicorp in the fourth quarter worth about $238,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Stock Down 1.0 %

BAP stock opened at $186.20 on Tuesday. The firm has a market cap of $14.81 billion, a price-to-earnings ratio of 10.13, a PEG 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. The firm has a fifty day moving average price of $185.70 and a two-hundred day moving average price of $185.54. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07.

Credicorp (NYSE:BAP) last announced its quarterly earnings data 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%. Research analysts predict that Credicorp Ltd. will post 21.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Bank of America cut Credicorp from a “buy” rating to a “neutral” rating and cut their price objective for the company from $209.00 to $208.00 in a research note on Monday, December 16th.

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.