Credicorp Ltd. (NYSE:BAP) Stake Lowered by DnB Asset Management AS

DnB Asset Management AS trimmed its position in shares of Credicorp Ltd. (NYSE:BAP) by 37.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,900 shares of the bank’s stock after selling 9,384 shares during the period. DnB Asset Management AS’s holdings in Credicorp were worth $2,915,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Cerity Partners LLC raised its stake in shares of Credicorp by 3.8% during the 3rd quarter. Cerity Partners LLC now owns 3,068 shares of the bank’s stock worth $555,000 after purchasing an additional 111 shares in the last quarter. BNP Paribas Financial Markets raised its position in Credicorp by 6.7% during the third quarter. BNP Paribas Financial Markets now owns 17,550 shares of the bank’s stock valued at $3,176,000 after acquiring an additional 1,105 shares in the last quarter. Verition Fund Management LLC lifted its stake in Credicorp by 229.2% in the third quarter. Verition Fund Management LLC now owns 9,613 shares of the bank’s stock valued at $1,740,000 after acquiring an additional 6,693 shares during the last quarter. Wasatch Advisors LP grew its position in Credicorp by 0.7% in the third quarter. Wasatch Advisors LP now owns 8,886 shares of the bank’s stock worth $1,608,000 after acquiring an additional 65 shares in the last quarter. Finally, Bamco Inc. NY increased its stake in shares of Credicorp by 2.6% during the 3rd quarter. Bamco Inc. NY now owns 392,956 shares of the bank’s stock worth $71,113,000 after purchasing an additional 10,045 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Down 1.0 %

Shares of Credicorp stock opened at $186.20 on Tuesday. 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 stock has a 50 day moving average price of $185.70 and a two-hundred day moving average price of $185.54. The stock has a market capitalization of $14.81 billion, a P/E ratio of 10.13, a PEG ratio of 0.56 and a beta of 1.10.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) 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%. Equities analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Analyst Ratings Changes

Separately, Bank of America lowered 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 note on Monday, December 16th.

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.