Diamond Hill Capital Management Inc. Sells 1,905 Shares of Credicorp Ltd. (NYSE:BAP)

Diamond Hill Capital Management Inc. lowered its stake in Credicorp Ltd. (NYSE:BAP) by 25.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,448 shares of the bank’s stock after selling 1,905 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Credicorp were worth $999,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB raised its stake in shares of Credicorp by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 24,008 shares of the bank’s stock worth $4,362,000 after buying an additional 3,753 shares during the period. Artemis Investment Management LLP bought a new position in shares of Credicorp in the fourth quarter worth about $9,349,000. Park Avenue Securities LLC purchased a new stake in shares of Credicorp during the fourth quarter worth about $238,000. FMR LLC grew its position in shares of Credicorp by 6.1% during the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after purchasing an additional 199,137 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its position in shares of Credicorp by 20.0% during the fourth quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank’s stock worth $286,000 after purchasing an additional 260 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

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

Credicorp Stock Performance

NYSE:BAP opened at $188.97 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. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. The stock has a 50-day moving average price of $184.10 and a 200 day moving average price of $183.96. The stock has a market capitalization of $15.03 billion, a P/E ratio of 10.28, a P/E/G ratio of 0.56 and a beta of 1.10.

Credicorp (NYSE:BAP) last released its 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%. Equities research analysts forecast that Credicorp Ltd. will post 21.9 EPS 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.