Hosking Partners LLP Has $15.54 Million Stock Position in Credicorp Ltd. (NYSE:BAP)

Hosking Partners LLP lowered its stake in shares of Credicorp Ltd. (NYSE:BAP) by 16.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,749 shares of the bank’s stock after selling 16,346 shares during the quarter. Hosking Partners LLP owned about 0.11% of Credicorp worth $15,536,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Creative Planning increased its holdings in shares of Credicorp by 52.6% during the 3rd quarter. Creative Planning now owns 4,037 shares of the bank’s stock worth $731,000 after purchasing an additional 1,391 shares during the period. Cigna Investments Inc. New bought a new position in Credicorp during the third quarter valued at about $237,000. Van ECK Associates Corp raised its holdings in Credicorp by 17.6% in the 3rd quarter. Van ECK Associates Corp now owns 126,943 shares of the bank’s stock valued at $23,944,000 after acquiring an additional 18,982 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Credicorp by 7.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 134,707 shares of the bank’s stock valued at $24,378,000 after acquiring an additional 9,431 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Credicorp by 8.0% in the 3rd quarter. Principal Financial Group Inc. now owns 347,083 shares of the bank’s stock valued at $62,812,000 after acquiring an additional 25,742 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BAP. JPMorgan Chase & Co. boosted their price objective on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Bank of America lowered shares of Credicorp from a “buy” rating to a “neutral” rating and decreased their target price for the company from $209.00 to $208.00 in a research report on Monday, December 16th.

Credicorp Price Performance

Credicorp stock opened at $181.93 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. The company has a market capitalization of $14.47 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.56 and a beta of 1.12. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00. The business has a 50 day simple moving average of $184.00 and a 200 day simple moving average of $182.78.

Credicorp (NYSE:BAP) last released 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%. On average, sell-side analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

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.