SPX Gestao de Recursos Ltda Trims Position in Credicorp Ltd. (NYSE:BAP)

SPX Gestao de Recursos Ltda trimmed its holdings in Credicorp Ltd. (NYSE:BAP) by 32.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 83,606 shares of the bank’s stock after selling 39,535 shares during the period. Credicorp accounts for approximately 2.3% of SPX Gestao de Recursos Ltda’s portfolio, making the stock its 14th largest position. SPX Gestao de Recursos Ltda owned about 0.11% of Credicorp worth $15,327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BAP. MassMutual Private Wealth & Trust FSB raised its holdings in Credicorp by 37.8% during the fourth 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. purchased a new position in Credicorp during the third quarter worth about $58,000. R Squared Ltd purchased a new position in Credicorp during the fourth quarter worth about $172,000. Aprio Wealth Management LLC purchased a new position in Credicorp during the fourth quarter worth about $200,000. Finally, Callan Family Office LLC purchased a new position in Credicorp during the fourth quarter worth about $204,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BAP has been the subject of several analyst reports. Bank of America cut shares of 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. JPMorgan Chase & Co. increased their price target on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th.

Credicorp Trading Down 1.1 %

Shares of Credicorp stock opened at $179.96 on Tuesday. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The stock has a market cap of $14.31 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. The company has a 50-day moving average of $184.04 and a two-hundred day moving average of $183.74.

Credicorp (NYSE:BAP) last issued its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) 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, research analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Credicorp 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.