Credicorp Ltd. (NYSE:BAP) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in shares of Credicorp Ltd. (NYSE:BAP) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,011 shares of the bank’s stock after selling 3,510 shares during the quarter. Los Angeles Capital Management LLC owned about 0.05% of Credicorp worth $7,335,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of Credicorp by 37.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after acquiring an additional 62 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Credicorp in the 3rd quarter valued at about $58,000. R Squared Ltd purchased a new position in Credicorp in the 4th quarter valued at about $172,000. Aprio Wealth Management LLC acquired a new stake in shares of Credicorp during the 4th quarter worth about $200,000. Finally, Cigna Investments Inc. New purchased a new stake in shares of Credicorp during the third quarter worth about $237,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

BAP has been the topic of several recent analyst reports. Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $209.00 to $208.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. increased their price target on Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th.

Credicorp Trading Up 1.3 %

NYSE BAP opened at $183.69 on Thursday. The company has a market cap of $14.61 billion, a P/E ratio of 9.99, a P/E/G ratio of 0.56 and a beta of 1.12. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $200.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. The company has a 50-day moving average of $183.96 and a 200-day moving average of $182.79.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Monday, February 10th. The bank reported $3.76 EPS for the quarter, missing the consensus estimate 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, equities analysts predict 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.