Credicorp Ltd. (NYSE:BAP) Position Lessened by Swiss National Bank

Swiss National Bank decreased its stake in Credicorp Ltd. (NYSE:BAP) by 0.3% during the 4th quarter, HoldingsChannel reports. The firm owned 152,879 shares of the bank’s stock after selling 500 shares during the period. Swiss National Bank’s holdings in Credicorp were worth $28,026,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Credicorp in the 3rd quarter worth approximately $58,000. R Squared Ltd bought a new stake in shares of Credicorp in the 4th quarter worth approximately $172,000. Aprio Wealth Management LLC bought a new stake in shares of Credicorp in the 4th quarter worth approximately $200,000. Finally, Callan Family Office LLC bought a new stake in shares of Credicorp in the 4th quarter worth approximately $204,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Up 0.9 %

Shares of Credicorp stock opened at $191.00 on Tuesday. The business’s fifty day moving average price is $184.16 and its two-hundred day moving average price is $184.27. 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 $15.19 billion, a P/E ratio of 10.39, a PEG ratio of 0.56 and a beta of 1.10. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $200.00.

Credicorp (NYSE:BAP) last announced its 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 net margin of 20.94% and a return on equity of 16.25%. As a group, research analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current year.

Analysts Set New Price Targets

Separately, Bank of America downgraded Credicorp from a “buy” rating to a “neutral” rating and cut their price target for the stock from $209.00 to $208.00 in a report on Monday, December 16th.

About Credicorp

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.