WCM Investment Management LLC Lowers Holdings in Credicorp Ltd. (NYSE:BAP)

WCM Investment Management LLC cut its holdings in Credicorp Ltd. (NYSE:BAP) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 293,838 shares of the bank’s stock after selling 21,254 shares during the period. WCM Investment Management LLC owned 0.37% of Credicorp worth $52,944,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Credicorp by 37.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after acquiring an additional 62 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Credicorp during the 3rd quarter worth approximately $58,000. R Squared Ltd purchased a new stake in shares of Credicorp during the 4th quarter worth approximately $172,000. Aprio Wealth Management LLC purchased a new stake in shares of Credicorp during the 4th quarter worth approximately $200,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in shares of Credicorp during the 3rd quarter worth approximately $216,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BAP shares. Bank of America cut Credicorp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. boosted their target price on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th.

Credicorp Stock Performance

NYSE BAP opened at $189.91 on Friday. The company has a market cap of $15.11 billion, a P/E ratio of 10.90, a P/E/G ratio of 0.51 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. The business’s 50 day moving average price is $185.33 and its 200-day moving average price is $181.16. Credicorp Ltd. has a fifty-two week low of $149.27 and a fifty-two week high of $200.00.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Thursday, November 7th. The bank reported $5.08 EPS for the quarter, beating the consensus estimate of $4.67 by $0.41. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.36 billion. Credicorp had a return on equity of 15.59% and a net margin of 20.11%. During the same quarter in the prior year, the company posted $4.23 EPS. Sell-side analysts predict that Credicorp Ltd. will post 18.99 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.