BIT Capital GmbH Has $1.60 Million Stock Holdings in Credicorp Ltd. (NYSE:BAP)

BIT Capital GmbH grew its position in Credicorp Ltd. (NYSE:BAP) by 49.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,705 shares of the bank’s stock after buying an additional 2,887 shares during the period. BIT Capital GmbH’s holdings in Credicorp were worth $1,596,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB increased its position in Credicorp by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 24,008 shares of the bank’s stock worth $4,362,000 after purchasing an additional 3,753 shares during the period. Artemis Investment Management LLP bought a new position in shares of Credicorp in the 4th quarter valued at about $9,349,000. Park Avenue Securities LLC bought a new position in shares of Credicorp in the 4th quarter valued at about $238,000. FMR LLC grew its position in shares of Credicorp by 6.1% during the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after buying an additional 199,137 shares during the period. Finally, Atomi Financial Group Inc. raised its stake 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 during the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of BAP opened at $191.76 on Thursday. 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 $15.25 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. The stock’s 50-day moving average price is $185.41 and its two-hundred day moving average price is $185.14. Credicorp Ltd. has a 1 year low of $153.27 and a 1 year high of $200.00.

Credicorp (NYSE:BAP) last released its quarterly earnings data 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 return on equity of 16.25% and a net margin of 20.94%. On average, equities analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Analyst Ratings Changes

Separately, Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and reduced their price objective for the company 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.