Credicorp Ltd. (NYSE:BAP) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its holdings in Credicorp Ltd. (NYSE:BAP) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,721 shares of the bank’s stock after selling 2,252 shares during the quarter. Fisher Asset Management LLC owned 0.06% of Credicorp worth $8,748,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BAP. Y Intercept Hong Kong Ltd grew its position in Credicorp by 46.6% during the 4th 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 last quarter. New York State Common Retirement Fund raised its stake in Credicorp by 37.8% in the 4th quarter. New York State Common Retirement Fund now owns 59,689 shares of the bank’s stock worth $10,942,000 after acquiring an additional 16,388 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Credicorp by 4.2% in 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 last quarter. Principal Financial Group Inc. lifted its holdings in shares of 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% in the fourth quarter. Rhumbline Advisers now owns 16,139 shares of the bank’s stock valued at $2,959,000 after buying an additional 730 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on BAP shares. JPMorgan Chase & Co. lifted their price objective on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Bank of America downgraded Credicorp from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $209.00 to $208.00 in a research note on Monday, December 16th.

Credicorp Trading Down 0.4 %

Shares of Credicorp stock opened at $182.93 on Wednesday. The firm has a 50-day simple moving average of $184.04 and a two-hundred day simple moving average of $183.36. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The company has a market cap of $14.55 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 0.56 and a beta of 1.12.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Monday, February 10th. The bank reported $3.76 EPS for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. As a group, equities analysts predict 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.