Credicorp Ltd. (NYSE:BAP) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Credicorp Ltd. (NYSE:BAP) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,587 shares of the bank’s stock after acquiring an additional 47,449 shares during the period. Geode Capital Management LLC owned 0.63% of Credicorp worth $91,845,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB raised its stake 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 valued at $41,000 after purchasing an additional 62 shares in the last quarter. R Squared Ltd acquired a new stake in Credicorp during the fourth quarter valued at approximately $172,000. Aprio Wealth Management LLC bought a new position in Credicorp during the 4th quarter worth approximately $200,000. Callan Family Office LLC acquired a new position in shares of Credicorp in the 4th quarter worth approximately $204,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Credicorp in the 4th quarter valued at approximately $238,000. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Credicorp Stock Performance

Shares of NYSE BAP opened at $172.17 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average price is $185.04 and its two-hundred day moving average price is $185.57. Credicorp Ltd. has a 52-week low of $153.27 and a 52-week high of $200.00. The stock has a market capitalization of $13.69 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.56 and a beta of 0.99.

Credicorp (NYSE:BAP) last announced its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current 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.