Arrowstreet Capital Limited Partnership reduced its position in shares of Credicorp (NYSE:BAP) by 96.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,485 shares of the bank’s stock after selling 186,064 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Credicorp were worth $1,345,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. grew its holdings in shares of Credicorp by 29.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 46,486 shares of the bank’s stock valued at $9,643,000 after acquiring an additional 10,700 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Credicorp by 2.3% in the fourth quarter. BlackRock Inc. now owns 3,847,202 shares of the bank’s stock valued at $798,024,000 after acquiring an additional 85,134 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Credicorp by 104.4% in the fourth quarter. Schroder Investment Management Group now owns 1,220,510 shares of the bank’s stock valued at $253,170,000 after acquiring an additional 623,444 shares in the last quarter. Cidel Asset Management Inc. grew its holdings in shares of Credicorp by 1.1% in the fourth quarter. Cidel Asset Management Inc. now owns 120,392 shares of the bank’s stock valued at $24,973,000 after acquiring an additional 1,323 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Credicorp by 6.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 110,369 shares of the bank’s stock valued at $22,893,000 after acquiring an additional 7,008 shares in the last quarter. 66.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of Credicorp stock traded up $2.15 during trading hours on Monday, reaching $229.19. The company had a trading volume of 293,695 shares, compared to its average volume of 253,538. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.11 and a quick ratio of 1.22. Credicorp has a one year low of $150.71 and a one year high of $237.99. The firm has a market capitalization of $18,108.94, a P/E ratio of 14.56, a PEG ratio of 1.24 and a beta of 0.84.
Credicorp (NYSE:BAP) last issued its quarterly earnings data on Monday, February 5th. The bank reported $4.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.58 by $0.53. Credicorp had a return on equity of 19.02% and a net margin of 25.87%. The company had revenue of $1.03 billion for the quarter. sell-side analysts expect that Credicorp will post 15.82 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on BAP shares. ValuEngine lowered Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research lowered Credicorp from a “buy” rating to a “hold” rating in a report on Monday, March 26th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $229.25.
Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.
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