Fox Run Management L.L.C. Makes New Investment in Credicorp Ltd. (NYSE:BAP)

Fox Run Management L.L.C. acquired a new position in shares of Credicorp Ltd. (NYSE:BAP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,704 shares of the bank’s stock, valued at approximately $862,000.

A number of other institutional investors have also made changes to their positions in BAP. MassMutual Private Wealth & Trust FSB lifted its position in shares of Credicorp by 37.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after purchasing an additional 62 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Credicorp during the third quarter worth $58,000. R Squared Ltd acquired a new position in shares of Credicorp during the fourth quarter worth $172,000. Aprio Wealth Management LLC acquired a new position in shares of Credicorp during the fourth quarter worth $200,000. Finally, Callan Family Office LLC acquired a new position in shares of Credicorp during the fourth quarter worth $204,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Credicorp Trading Down 0.6 %

BAP opened at $193.13 on Monday. The stock has a market capitalization of $15.36 billion, a PE ratio of 10.50, a P/E/G ratio of 0.56 and a beta of 1.10. The firm’s fifty day moving average price is $184.95 and its 200 day moving average price is $184.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month 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 (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%. As a group, research analysts expect that Credicorp Ltd. will post 21.9 EPS for the current fiscal 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.