Legal & General Group Plc Has $122.45 Million Holdings in Credicorp Ltd. (NYSE:BAP)

Legal & General Group Plc trimmed its stake in shares of Credicorp Ltd. (NYSE:BAP) by 23.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 667,977 shares of the bank’s stock after selling 201,796 shares during the period. Legal & General Group Plc’s holdings in Credicorp were worth $122,454,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB grew its holdings in shares of 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 buying an additional 62 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Credicorp by 4.2% in the fourth quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank’s stock valued at $283,000 after buying an additional 62 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Credicorp by 4.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,555 shares of the bank’s stock valued at $285,000 after purchasing an additional 63 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Credicorp by 4.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,628 shares of the bank’s stock valued at $298,000 after buying an additional 67 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Credicorp by 5.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,591 shares of the bank’s stock worth $292,000 after purchasing an additional 76 shares during the period. 89.81% of the stock is owned by institutional investors.

Credicorp Trading Down 3.3 %

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

Credicorp (NYSE:BAP) last posted its quarterly earnings data 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%. As a group, research analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.