Credicorp Ltd. (NYSE:BAP) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its holdings in Credicorp Ltd. (NYSE:BAP) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 126,977 shares of the bank’s stock after selling 4,929 shares during the period. Franklin Resources Inc. owned 0.16% of Credicorp worth $23,277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BAP. State Street Corp boosted its position in shares of Credicorp by 2.0% in the third quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock worth $207,235,000 after acquiring an additional 21,943 shares during the last quarter. Ninety One UK Ltd raised its stake in Credicorp by 4.7% during the fourth quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank’s stock worth $199,697,000 after purchasing an additional 49,031 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Credicorp by 5.2% in the 4th quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank’s stock valued at $198,092,000 after purchasing an additional 53,746 shares during the last quarter. ARGA Investment Management LP grew its stake in shares of Credicorp by 0.9% during the 4th quarter. ARGA Investment Management LP now owns 794,587 shares of the bank’s stock valued at $145,664,000 after buying an additional 6,864 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Credicorp by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 659,904 shares of the bank’s stock worth $120,974,000 after buying an additional 19,145 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Trading Down 5.3 %

NYSE BAP opened at $179.26 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00. The company’s 50 day moving average price is $186.20 and its 200 day moving average price is $185.89. The firm has a market capitalization of $14.26 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.56 and a beta of 0.99.

Credicorp (NYSE:BAP) last issued its earnings results on Monday, February 10th. The bank reported $3.76 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, sell-side analysts predict that Credicorp Ltd. will post 21.9 EPS for the current year.

Analyst Upgrades and Downgrades

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