Hosking Partners LLP Sells 16,346 Shares of Credicorp Ltd. (NYSE:BAP)

Hosking Partners LLP decreased its holdings in Credicorp Ltd. (NYSE:BAP) by 16.2% in the 4th quarter, HoldingsChannel reports. The firm owned 84,749 shares of the bank’s stock after selling 16,346 shares during the quarter. Hosking Partners LLP’s holdings in Credicorp were worth $15,536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of BAP. Creative Planning increased its stake in shares of Credicorp by 52.6% in the third quarter. Creative Planning now owns 4,037 shares of the bank’s stock valued at $731,000 after buying an additional 1,391 shares in the last quarter. Cigna Investments Inc. New bought a new position in shares of Credicorp in the third quarter worth about $237,000. Van ECK Associates Corp raised its stake in shares of Credicorp by 17.6% in the third quarter. Van ECK Associates Corp now owns 126,943 shares of the bank’s stock worth $23,944,000 after acquiring an additional 18,982 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Credicorp by 7.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 134,707 shares of the bank’s stock worth $24,378,000 after purchasing an additional 9,431 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Credicorp by 8.0% during the third quarter. Principal Financial Group Inc. now owns 347,083 shares of the bank’s stock valued at $62,812,000 after purchasing an additional 25,742 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Down 1.1 %

Shares of NYSE BAP opened at $181.93 on Friday. Credicorp Ltd. has a 1 year low of $153.27 and a 1 year high of $200.00. The firm’s 50-day moving average is $184.00 and its 200-day moving average is $182.78. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $14.47 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 0.56 and a beta of 1.12.

Credicorp (NYSE:BAP) last announced its quarterly earnings data 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 net margin of 20.94% and a return on equity of 16.25%. Equities analysts expect that Credicorp Ltd. will post 21.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BAP shares. JPMorgan Chase & Co. boosted their price objective on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Bank of America downgraded Credicorp from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $209.00 to $208.00 in a research 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.