Credicorp Ltd. (NYSE:BAP) Stock Position Lifted by Rhumbline Advisers

Rhumbline Advisers lifted its position in Credicorp Ltd. (NYSE:BAP) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,139 shares of the bank’s stock after acquiring an additional 730 shares during the quarter. Rhumbline Advisers’ holdings in Credicorp were worth $2,959,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BAP. Nordea Investment Management AB boosted its stake in Credicorp by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 24,008 shares of the bank’s stock valued at $4,362,000 after acquiring an additional 3,753 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Credicorp in the 4th quarter worth approximately $9,349,000. CWA Asset Management Group LLC acquired a new position in Credicorp during the 3rd quarter valued at approximately $1,737,000. Park Avenue Securities LLC acquired a new position in Credicorp during the 4th quarter valued at approximately $238,000. Finally, FMR LLC grew its stake in Credicorp by 6.1% during the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after buying an additional 199,137 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Price Performance

Shares of BAP opened at $182.72 on Friday. The business’s 50-day moving average is $184.01 and its 200-day moving average is $183.02. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 0.56 and a beta of 1.12. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week 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 for the quarter, missing analysts’ consensus estimates 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 expect that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BAP has been the topic of a number of recent analyst reports. Bank of America cut Credicorp from a “buy” rating to a “neutral” rating and cut their price target for the company from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th.

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.