Korea Investment CORP Lowers Position in Credicorp Ltd. (NYSE:BAP)

Korea Investment CORP trimmed its position in shares of Credicorp Ltd. (NYSE:BAP) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,200 shares of the bank’s stock after selling 300 shares during the quarter. Korea Investment CORP’s holdings in Credicorp were worth $4,620,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its position in Credicorp by 3.8% in the third quarter. Cerity Partners LLC now owns 3,068 shares of the bank’s stock worth $555,000 after acquiring an additional 111 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Credicorp by 6.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,550 shares of the bank’s stock worth $3,176,000 after purchasing an additional 1,105 shares during the period. Verition Fund Management LLC increased its holdings in shares of Credicorp by 229.2% in the 3rd quarter. Verition Fund Management LLC now owns 9,613 shares of the bank’s stock valued at $1,740,000 after purchasing an additional 6,693 shares in the last quarter. Itau Unibanco Holding S.A. lifted its stake in shares of Credicorp by 3.6% in the third quarter. Itau Unibanco Holding S.A. now owns 499,409 shares of the bank’s stock valued at $90,378,000 after purchasing an additional 17,516 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in Credicorp by 7.0% during the third quarter. Quantinno Capital Management LP now owns 2,314 shares of the bank’s stock worth $419,000 after buying an additional 152 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Trading Up 3.3 %

Shares of BAP stock opened at $192.23 on Wednesday. The stock has a market cap of $15.29 billion, a P/E ratio of 10.45, a P/E/G ratio of 0.56 and a beta of 1.10. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The business has a fifty day simple moving average of $185.89 and a 200-day simple moving average of $185.66.

Credicorp (NYSE:BAP) last posted its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share 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%. On average, analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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