Handelsbanken Fonder AB Has $41.57 Million Position in Credicorp Ltd. (NYSE:BAP)

Handelsbanken Fonder AB lowered its holdings in Credicorp Ltd. (NYSE:BAP) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,760 shares of the bank’s stock after selling 1,645 shares during the quarter. Handelsbanken Fonder AB owned 0.29% of Credicorp worth $41,570,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its stake in shares of Credicorp by 37.8% in the 4th quarter. New York State Common Retirement Fund now owns 59,689 shares of the bank’s stock valued at $10,942,000 after purchasing an additional 16,388 shares during the period. Sanctuary Advisors LLC boosted its stake in Credicorp by 4.2% in the 4th quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank’s stock valued at $283,000 after buying an additional 62 shares in the last quarter. Principal Financial Group Inc. grew its position in Credicorp by 12.2% in the fourth quarter. Principal Financial Group Inc. now owns 389,338 shares of the bank’s stock valued at $71,373,000 after acquiring an additional 42,255 shares during the period. Rhumbline Advisers raised its stake in Credicorp by 4.7% during the fourth quarter. Rhumbline Advisers now owns 16,139 shares of the bank’s stock worth $2,959,000 after acquiring an additional 730 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Credicorp by 28.0% during the fourth quarter. V Square Quantitative Management LLC now owns 2,880 shares of the bank’s stock valued at $534,000 after acquiring an additional 630 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BAP. Bank of America lowered shares of Credicorp from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their price target on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th.

Credicorp Stock Performance

BAP stock opened at $184.76 on Friday. The stock has a market capitalization of $14.69 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.58 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. The company has a 50 day moving average price of $184.44 and a 200 day moving average price of $182.17. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 16.43% and a net margin of 20.94%. Analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current year.

About Credicorp

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.