Schroder Investment Management Group Lowers Position in Credicorp Ltd. (NYSE:BAP)

Schroder Investment Management Group trimmed its position in shares of Credicorp Ltd. (NYSE:BAP) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,308,758 shares of the bank’s stock after selling 199,904 shares during the quarter. Schroder Investment Management Group’s holdings in Credicorp were worth $239,922,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BAP. Nomura Asset Management Co. Ltd. increased its holdings in shares of Credicorp by 11.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 8,970 shares of the bank’s stock valued at $1,644,000 after purchasing an additional 910 shares in the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new position in Credicorp during the fourth quarter worth about $8,671,000. Norges Bank purchased a new position in Credicorp in the fourth quarter valued at about $84,213,000. BIT Capital GmbH lifted its position in shares of Credicorp by 49.6% during the 4th quarter. BIT Capital GmbH now owns 8,705 shares of the bank’s stock valued at $1,596,000 after acquiring an additional 2,887 shares during the period. Finally, Banco BTG Pactual S.A. boosted its stake 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 acquiring an additional 81 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

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 $185.38. The company 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 Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. 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 (NYSE:BAP) last announced its earnings results on Monday, February 10th. The bank reported $3.76 EPS for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. Equities analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America cut Credicorp from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $209.00 to $208.00 in a report on Monday, December 16th.

Credicorp Company 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.