Charles Schwab Investment Management Inc. Lowers Position in Credicorp Ltd. (NYSE:BAP)

Charles Schwab Investment Management Inc. trimmed its stake in shares of Credicorp Ltd. (NYSE:BAP) by 49.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,767 shares of the bank’s stock after selling 18,204 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Credicorp were worth $3,440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BAP. Nordea Investment Management AB raised its holdings in shares of Credicorp by 18.5% during the 4th quarter. Nordea Investment Management AB now owns 24,008 shares of the bank’s stock worth $4,362,000 after acquiring an additional 3,753 shares in the last quarter. Artemis Investment Management LLP bought a new stake in Credicorp in the fourth quarter worth $9,349,000. Park Avenue Securities LLC purchased a new stake in Credicorp during the fourth quarter valued at $238,000. FMR LLC lifted its position in Credicorp by 6.1% during the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after purchasing an additional 199,137 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its stake in shares of Credicorp by 20.0% in the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank’s stock worth $286,000 after buying an additional 260 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and decreased their target price for the company from $209.00 to $208.00 in a research report on Monday, December 16th.

Credicorp Price Performance

BAP stock opened at $190.69 on Friday. The stock has a market cap of $15.17 billion, a PE ratio of 10.37, a P/E/G 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 50-day moving average price of $185.49 and a 200 day moving average price of $185.18. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68.

Credicorp (NYSE:BAP) last announced its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) 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%. Equities research analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current year.

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.