Credicorp Ltd. (NYSE:BAP) is INCA Investments LLC’s 2nd Largest Position

INCA Investments LLC lessened its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,338 shares of the bank’s stock after selling 61,508 shares during the period. Credicorp accounts for approximately 15.2% of INCA Investments LLC’s investment portfolio, making the stock its 2nd biggest position. INCA Investments LLC’s holdings in Credicorp were worth $36,909,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. FMR LLC boosted its holdings in Credicorp by 6.1% in the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after purchasing an additional 199,137 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Credicorp by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,042,882 shares of the bank’s stock valued at $550,670,000 after purchasing an additional 13,868 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in Credicorp by 2.5% in the 3rd quarter. Baillie Gifford & Co. now owns 1,674,261 shares of the bank’s stock valued at $302,991,000 after purchasing an additional 41,409 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Credicorp by 782.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock valued at $240,138,000 after purchasing an additional 1,176,612 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Credicorp by 2.0% in the 3rd 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. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Down 0.4 %

Shares of NYSE:BAP opened at $184.09 on Friday. The stock has a market cap of $14.64 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.51 and a beta of 1.12. The firm has a fifty day moving average price of $185.16 and a 200 day moving average price of $181.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $200.00.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 15.59% and a net margin of 20.11%. Sell-side analysts predict that Credicorp Ltd. will post 18.99 EPS for the current year.

Analyst Upgrades and Downgrades

BAP has been the topic of several recent analyst reports. Bank of America lowered shares of Credicorp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. upped their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th.

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.