Credicorp Ltd. (NYSE:BAP) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership decreased its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 19.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,383 shares of the bank’s stock after selling 32,937 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Credicorp were worth $24,818,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAP. Banco BTG Pactual S.A. increased its position in shares of Credicorp by 1.0% during the 4th quarter. Banco BTG Pactual S.A. now owns 8,134 shares of the bank’s stock worth $1,497,000 after purchasing an additional 81 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Credicorp by 0.6% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 262,320 shares of the bank’s stock valued at $48,129,000 after acquiring an additional 1,658 shares during the last quarter. GQG Partners LLC purchased a new stake in shares of Credicorp in the 4th quarter valued at approximately $40,187,000. Vanguard Group Inc. lifted its holdings in shares of Credicorp by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 659,904 shares of the bank’s stock worth $120,974,000 after acquiring an additional 19,145 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in Credicorp by 44.4% in the 4th quarter. LPL Financial LLC now owns 4,419 shares of the bank’s stock valued at $810,000 after purchasing an additional 1,358 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Down 1.3 %

Shares of NYSE:BAP opened at $188.17 on Friday. The firm’s 50-day moving average is $185.61 and its two-hundred day moving average is $185.28. 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 Ltd. has a 1 year low of $153.27 and a 1 year high of $200.00. The firm has a market capitalization of $14.97 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10.

Credicorp (NYSE:BAP) last released its 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%. Analysts predict that Credicorp Ltd. will post 21.9 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Bank of America cut Credicorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock 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.