Vanguard Group Inc. Boosts Holdings in Credicorp Ltd. (NYSE:BAP)

Vanguard Group Inc. increased its position in Credicorp Ltd. (NYSE:BAP) by 3.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 659,904 shares of the bank’s stock after buying an additional 19,145 shares during the quarter. Vanguard Group Inc.’s holdings in Credicorp were worth $120,974,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB raised its position in shares of Credicorp by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 24,008 shares of the bank’s stock valued at $4,362,000 after purchasing an additional 3,753 shares in the last quarter. Artemis Investment Management LLP bought a new stake in shares of Credicorp in the fourth quarter worth $9,349,000. Park Avenue Securities LLC bought a new stake in shares of Credicorp in the fourth quarter worth $238,000. Atomi Financial Group Inc. raised its holdings in Credicorp by 20.0% in the fourth quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank’s stock valued at $286,000 after acquiring an additional 260 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Credicorp by 8.0% during the 3rd quarter. Principal Financial Group Inc. now owns 347,083 shares of the bank’s stock valued at $62,812,000 after acquiring an additional 25,742 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Price Performance

Shares of BAP opened at $170.40 on Wednesday. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $200.00. 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 cap of $13.55 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 0.56 and a beta of 0.99. The stock has a 50 day moving average of $185.49 and a 200-day moving average of $185.65.

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

Analyst Ratings Changes

Separately, Bank of America downgraded shares of 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 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.