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

Geode Capital Management LLC increased its holdings in Credicorp Ltd. (NYSE:BAP) by 10.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 503,587 shares of the bank’s stock after purchasing an additional 47,449 shares during the quarter. Geode Capital Management LLC’s holdings in Credicorp were worth $91,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB boosted its position in Credicorp by 37.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after acquiring an additional 62 shares during the period. R Squared Ltd acquired a new stake in Credicorp in the fourth quarter worth about $172,000. Aprio Wealth Management LLC bought a new position in Credicorp in the 4th quarter valued at about $200,000. Callan Family Office LLC acquired a new position in Credicorp during the 4th quarter valued at about $204,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Credicorp during the 4th quarter worth about $238,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $209.00 to $208.00 in a report on Monday, December 16th.

Credicorp Stock Performance

NYSE:BAP opened at $172.17 on Friday. 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 company has a 50-day moving average of $185.04 and a 200-day moving average of $185.57. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $200.00. The firm has a market cap of $13.69 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99.

Credicorp (NYSE:BAP) last posted 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%. Analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Credicorp Company 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.