Smartleaf Asset Management LLC Sells 372 Shares of Credicorp Ltd. (NYSE:BAP)

Smartleaf Asset Management LLC trimmed its stake in Credicorp Ltd. (NYSE:BAP) by 59.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 252 shares of the bank’s stock after selling 372 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Credicorp were worth $45,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its stake in Credicorp by 37.8% in the 4th 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. bought a new position in shares of Credicorp in the third quarter worth approximately $58,000. R Squared Ltd bought a new position in shares of Credicorp in the fourth quarter worth approximately $172,000. Aprio Wealth Management LLC bought a new position in shares of Credicorp in the fourth quarter worth approximately $200,000. Finally, Park Avenue Securities LLC bought a new position in Credicorp in the 4th quarter valued at approximately $238,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Up 0.4 %

BAP stock opened at $181.05 on Wednesday. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The business’s 50-day moving average is $184.00 and its two-hundred day moving average is $183.82. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. The company has a market cap of $14.40 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 0.56 and a beta of 1.10.

Credicorp (NYSE:BAP) last issued its quarterly earnings data 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%. As a group, analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on BAP shares. Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and lowered their target price for the company from $209.00 to $208.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. increased their price objective on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research report 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.