Ariel Investments LLC lessened its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 244,135 shares of the bank's stock after selling 60,989 shares during the quarter. Ariel Investments LLC owned approximately 0.31% of Credicorp worth $44,755,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. increased its holdings in Credicorp by 243.8% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank's stock worth $290,920,000 after purchasing an additional 1,217,368 shares in the last quarter. Norges Bank acquired a new position in shares of Credicorp in the fourth quarter valued at approximately $84,213,000. Price T Rowe Associates Inc. MD raised its holdings in Credicorp by 59.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 757,271 shares of the bank's stock valued at $138,824,000 after buying an additional 282,869 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Credicorp by 130.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 494,526 shares of the bank's stock worth $90,657,000 after buying an additional 280,361 shares during the period. Finally, GQG Partners LLC bought a new stake in Credicorp during the 4th quarter worth approximately $40,187,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.
Credicorp Trading Up 1.7 %
Shares of BAP stock traded up $3.38 during trading hours on Thursday, hitting $203.65. 75,381 shares of the company's stock traded hands, compared to its average volume of 257,512. The stock has a market cap of $16.20 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. The stock's 50 day simple moving average is $188.00 and its 200 day simple moving average is $186.81. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $204.29.
Credicorp (NYSE:BAP - Get Free Report) last announced its 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%. On average, sell-side analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current year.
About Credicorp
(
Free Report)
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.
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