Credicorp Ltd. (NYSE:BAP) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in Credicorp Ltd. (NYSE:BAP) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 152,879 shares of the bank’s stock after selling 500 shares during the quarter. Swiss National Bank owned about 0.19% of Credicorp worth $28,026,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Nordea Investment Management AB grew 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 valued at $4,362,000 after buying an additional 3,753 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Credicorp in the fourth quarter valued at about $9,349,000. Park Avenue Securities LLC acquired a new stake in shares of Credicorp in the fourth quarter valued at about $238,000. FMR LLC grew its stake in shares of Credicorp by 6.1% in the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after buying an additional 199,137 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its stake in shares of Credicorp by 20.0% in the fourth quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank’s stock valued at $286,000 after buying an additional 260 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Credicorp Price Performance

Shares of NYSE BAP opened at $191.00 on Tuesday. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The business has a 50 day moving average price of $184.16 and a two-hundred day moving average price of $184.27. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The firm has a market cap of $15.19 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10.

Credicorp (NYSE:BAP) last issued its quarterly earnings data 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 net margin of 20.94% and a return on equity of 16.25%. Sell-side analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

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.