Pictet Asset Management Holding SA Has $15.42 Million Stake in Credicorp Ltd. (NYSE:BAP)

Pictet Asset Management Holding SA lessened its stake in shares of Credicorp Ltd. (NYSE:BAP) by 3.0% during the fourth quarter, Holdings Channel reports. The fund owned 84,119 shares of the bank’s stock after selling 2,586 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Credicorp were worth $15,421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB boosted its position in shares of Credicorp by 37.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after purchasing an additional 62 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Credicorp by 4.2% during the 4th quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank’s stock worth $283,000 after buying an additional 62 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Credicorp by 4.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,555 shares of the bank’s stock worth $285,000 after acquiring an additional 63 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Credicorp by 4.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,628 shares of the bank’s stock valued at $298,000 after acquiring an additional 67 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Credicorp by 5.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,591 shares of the bank’s stock valued at $292,000 after acquiring an additional 76 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

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 report on Monday, December 16th.

Credicorp Trading Up 3.3 %

NYSE BAP opened at $192.23 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 business has a fifty day simple moving average of $185.89 and a 200 day simple moving average of $185.66. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $200.00. The firm has a market capitalization of $15.29 billion, a P/E ratio of 10.45, a PEG ratio of 0.56 and a beta of 1.10.

Credicorp (NYSE:BAP) last announced its earnings results 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 net margin of 20.94% and a return on equity of 16.25%. On average, analysts predict that Credicorp Ltd. will post 21.9 EPS 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.