Credicorp Ltd. (NYSE:BAP) is Westwood Global Investments LLC’s 2nd Largest Position

Westwood Global Investments LLC lessened its holdings in Credicorp Ltd. (NYSE:BAP) by 0.8% during the second quarter, Holdings Channel.com reports. The firm owned 1,788,994 shares of the bank’s stock after selling 14,027 shares during the quarter. Credicorp accounts for 14.4% of Westwood Global Investments LLC’s investment portfolio, making the stock its 2nd largest holding. Westwood Global Investments LLC’s holdings in Credicorp were worth $288,618,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BAP. Headlands Technologies LLC purchased a new position in shares of Credicorp in the second quarter worth about $84,000. Parallel Advisors LLC lifted its position in Credicorp by 25.2% in the fourth quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock valued at $101,000 after purchasing an additional 135 shares during the last quarter. Atlas Capital Advisors LLC boosted its stake in shares of Credicorp by 14.9% during the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after purchasing an additional 89 shares during the period. Janiczek Wealth Management LLC grew its holdings in shares of Credicorp by 7.8% in the first quarter. Janiczek Wealth Management LLC now owns 1,050 shares of the bank’s stock worth $178,000 after purchasing an additional 76 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new position in shares of Credicorp in the fourth quarter worth $213,000. 89.81% of the stock is owned by institutional investors.

Credicorp Price Performance

NYSE:BAP opened at $175.58 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $169.76 and a 200 day moving average of $167.86. Credicorp Ltd. has a 52 week low of $116.42 and a 52 week high of $180.21.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Thursday, August 8th. The bank reported $4.49 EPS for the quarter, missing the consensus estimate of $4.64 by ($0.15). Credicorp had a net margin of 19.31% and a return on equity of 14.86%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.32 billion. On average, equities research analysts predict that Credicorp Ltd. will post 18.81 earnings per share for the current fiscal 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.