Banco BTG Pactual S.A. Raises Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Banco BTG Pactual S.A. boosted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,134 shares of the bank’s stock after acquiring an additional 81 shares during the period. Banco BTG Pactual S.A.’s holdings in Credicorp were worth $1,497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BAP. MassMutual Private Wealth & Trust FSB raised its stake in shares of Credicorp by 37.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after purchasing an additional 62 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Credicorp during the 3rd quarter valued at $58,000. R Squared Ltd bought a new position in shares of Credicorp in the fourth quarter worth about $172,000. Aprio Wealth Management LLC bought a new position in Credicorp in the 4th quarter worth approximately $200,000. Finally, Callan Family Office LLC bought a new position in Credicorp during the fourth quarter valued at approximately $204,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of Credicorp stock opened at $197.24 on Wednesday. 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 stock’s fifty day moving average price is $185.38 and its 200-day moving average price is $185.10. The firm has a market cap of $15.69 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.56 and a beta of 1.10. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $200.00.

Credicorp (NYSE:BAP) last posted 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, equities research analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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