Cape Ann Asset Management Ltd Has $29.57 Million Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Cape Ann Asset Management Ltd lowered its stake in shares of Credicorp Ltd. (NYSE:BAP) by 24.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 161,278 shares of the bank’s stock after selling 52,600 shares during the quarter. Credicorp makes up approximately 18.6% of Cape Ann Asset Management Ltd’s portfolio, making the stock its 2nd largest holding. Cape Ann Asset Management Ltd owned about 0.20% of Credicorp worth $29,565,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd boosted its position in Credicorp by 46.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 3,138 shares of the bank’s stock worth $575,000 after purchasing an additional 997 shares during the period. New York State Common Retirement Fund boosted its position in Credicorp by 37.8% during the fourth quarter. New York State Common Retirement Fund now owns 59,689 shares of the bank’s stock worth $10,942,000 after purchasing an additional 16,388 shares during the period. Sanctuary Advisors LLC boosted its position in Credicorp by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank’s stock worth $283,000 after purchasing an additional 62 shares during the period. Principal Financial Group Inc. boosted its position in Credicorp by 12.2% during the fourth quarter. Principal Financial Group Inc. now owns 389,338 shares of the bank’s stock worth $71,373,000 after purchasing an additional 42,255 shares during the period. Finally, Rhumbline Advisers boosted its position in Credicorp by 4.7% during the fourth quarter. Rhumbline Advisers now owns 16,139 shares of the bank’s stock worth $2,959,000 after purchasing an additional 730 shares during the period. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BAP shares. Bank of America lowered shares of Credicorp from a “buy” rating to a “neutral” rating and cut their target price for the stock from $209.00 to $208.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. increased their price target on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th.

Credicorp Trading Up 0.2 %

Shares of Credicorp stock opened at $183.37 on Tuesday. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. The company has a market cap of $14.58 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 0.56 and a beta of 1.12. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $184.04 and its 200-day moving average price is $183.25.

Credicorp (NYSE:BAP) last announced its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. On average, equities analysts expect that Credicorp Ltd. will post 21.9 earnings per share 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.