Northern Trust Corp Buys 153,810 Shares of Credicorp Ltd. (NYSE:BAP)

Northern Trust Corp raised its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 54.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 438,539 shares of the bank's stock after buying an additional 153,810 shares during the period. Northern Trust Corp owned 0.55% of Credicorp worth $80,393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BAP. Nordea Investment Management AB grew its position in Credicorp by 18.5% during the 4th quarter. Nordea Investment Management AB now owns 24,008 shares of the bank's stock worth $4,362,000 after acquiring an additional 3,753 shares during the last quarter. Artemis Investment Management LLP bought a new stake in shares of Credicorp during the fourth quarter worth $9,349,000. Park Avenue Securities LLC acquired a new stake in shares of Credicorp in the fourth quarter valued at $238,000. Cerity Partners LLC raised its holdings in shares of Credicorp by 31.8% in the fourth quarter. Cerity Partners LLC now owns 4,045 shares of the bank's stock valued at $735,000 after buying an additional 977 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its position in Credicorp by 20.0% during the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank's stock worth $286,000 after buying an additional 260 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Trading Up 1.8 %

BAP stock traded up $3.69 during midday trading on Thursday, reaching $203.96. The stock had a trading volume of 223,868 shares, compared to its average volume of 258,370. 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 twelve month low of $153.27 and a twelve month high of $204.85. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.56 and a beta of 1.00. The business has a fifty day simple moving average of $188.00 and a two-hundred day simple moving average of $186.81.

Credicorp (NYSE:BAP - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share 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.

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.