Credicorp Ltd. (NYSE:BAP) Stock Position Trimmed by Cape Ann Asset Management Ltd

Cape Ann Asset Management Ltd reduced its stake in Credicorp Ltd. (NYSE:BAP) by 24.6% during the fourth quarter, HoldingsChannel reports. The firm owned 161,278 shares of the bank’s stock after selling 52,600 shares during the period. Credicorp comprises about 18.6% of Cape Ann Asset Management Ltd’s portfolio, making the stock its 2nd biggest holding. Cape Ann Asset Management Ltd’s holdings in Credicorp were worth $29,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of BAP. MassMutual Private Wealth & Trust FSB grew its position in Credicorp by 37.8% during 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 during the last quarter. Brown Brothers Harriman & Co. bought a new position in Credicorp during the third quarter valued at approximately $58,000. R Squared Ltd bought a new position in Credicorp during the fourth quarter valued at approximately $172,000. Aprio Wealth Management LLC bought a new position in Credicorp during the fourth quarter valued at approximately $200,000. Finally, Park Avenue Securities LLC bought a new position in Credicorp during the fourth quarter valued at approximately $238,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Up 0.2 %

Shares of Credicorp stock opened at $183.37 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a 52-week low of $153.27 and a 52-week high of $200.00. The stock has a market capitalization of $14.58 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 0.56 and a beta of 1.12. The company’s 50 day moving average price is $184.04 and its 200-day moving average price is $183.25.

Credicorp (NYSE:BAP) last issued 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 return on equity of 16.25% and a net margin of 20.94%. Equities research analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on BAP. JPMorgan Chase & Co. increased their price target on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and reduced their price target for the company from $209.00 to $208.00 in a research report on Monday, December 16th.

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.