Price T Rowe Associates Inc. MD Purchases 282,869 Shares of Credicorp Ltd. (NYSE:BAP)

Price T Rowe Associates Inc. MD grew its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 59.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 757,271 shares of the bank's stock after buying an additional 282,869 shares during the period. Price T Rowe Associates Inc. MD owned 0.95% of Credicorp worth $138,824,000 at the end of the most recent reporting period.

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

Credicorp Trading Up 0.8 %

NYSE:BAP traded up $1.57 during mid-day trading on Wednesday, hitting $201.74. 292,804 shares of the stock traded hands, compared to its average volume of 256,783. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.56 and a beta of 0.99. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $202.54. The firm's 50 day moving average is $185.73 and its two-hundred day moving average is $186.23.

Credicorp (NYSE:BAP - Get Free Report) last issued 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 return on equity of 16.25% and a net margin of 20.94%. On average, equities research 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.