GQG Partners LLC Purchases Shares of 219,219 Credicorp Ltd. (NYSE:BAP)

GQG Partners LLC acquired a new position in shares of Credicorp Ltd. (NYSE:BAP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 219,219 shares of the bank’s stock, valued at approximately $40,187,000.

Other large investors have also recently made changes to their positions in the company. Citigroup Inc. lifted its position in Credicorp by 4.7% during the 3rd quarter. Citigroup Inc. now owns 197,889 shares of the bank’s stock worth $35,812,000 after acquiring an additional 8,924 shares during the period. Cerity Partners LLC lifted its holdings in shares of Credicorp by 3.8% during the third quarter. Cerity Partners LLC now owns 3,068 shares of the bank’s stock worth $555,000 after purchasing an additional 111 shares during the period. Fisher Asset Management LLC boosted its position in Credicorp by 307.8% in the third quarter. Fisher Asset Management LLC now owns 49,973 shares of the bank’s stock valued at $9,044,000 after buying an additional 37,718 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in Credicorp in the 3rd quarter worth approximately $58,000. Finally, Mirabella Financial Services LLP raised its position in Credicorp by 272.7% during the 3rd quarter. Mirabella Financial Services LLP now owns 15,080 shares of the bank’s stock worth $2,729,000 after buying an additional 11,034 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $209.00 to $208.00 in a report on Monday, December 16th.

Credicorp Stock Performance

Shares of BAP stock opened at $192.38 on Tuesday. Credicorp Ltd. has a 52-week low of $153.27 and a 52-week high of $200.00. 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 stock has a market cap of $15.30 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. The business has a 50-day simple moving average of $185.19 and a 200-day simple moving average of $184.91.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Monday, February 10th. The bank reported $3.76 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%. On average, equities analysts expect that Credicorp Ltd. will post 21.9 EPS for the current year.

Credicorp 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.