Edmond DE Rothschild Holding S.A. Has $1.37 Million Stock Position in Credicorp Ltd. (NYSE:BAP)

Edmond DE Rothschild Holding S.A. lessened its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 18.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,460 shares of the bank’s stock after selling 1,710 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Credicorp were worth $1,368,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BAP. Nordea Investment Management AB lifted 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 buying an additional 3,753 shares in the last quarter. Artemis Investment Management LLP bought a new stake in shares of Credicorp in the fourth quarter valued at about $9,349,000. Park Avenue Securities LLC acquired a new position in shares of Credicorp during the fourth quarter worth about $238,000. Atomi Financial Group Inc. grew its holdings in shares of Credicorp by 20.0% during the fourth quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank’s stock worth $286,000 after buying an additional 260 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Credicorp by 8.0% in the 3rd quarter. Principal Financial Group Inc. now owns 347,083 shares of the bank’s stock valued at $62,812,000 after buying an additional 25,742 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Trading Up 3.3 %

Credicorp stock opened at $192.23 on Wednesday. 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 firm has a 50-day moving average of $185.89 and a 200-day moving average of $185.66. The company has a market cap of $15.29 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of 0.56 and a beta of 1.10. Credicorp Ltd. has a one year low of $153.27 and a one year 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 net margin of 20.94% and a return on equity of 16.25%. On average, equities analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $209.00 to $208.00 in a research note 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.