Credicorp Ltd. (NYSE:BAP) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its stake in Credicorp Ltd. (NYSE:BAP) by 11.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,970 shares of the bank’s stock after purchasing an additional 910 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Credicorp were worth $1,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB increased its holdings in shares of Credicorp by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 24,008 shares of the bank’s stock valued at $4,362,000 after acquiring an additional 3,753 shares during the period. Artemis Investment Management LLP acquired a new position in Credicorp in the fourth quarter valued at $9,349,000. Park Avenue Securities LLC purchased a new stake in shares of Credicorp in the fourth quarter valued at about $238,000. Atomi Financial Group Inc. boosted its stake 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 buying an additional 260 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Credicorp by 8.0% during the third quarter. Principal Financial Group Inc. now owns 347,083 shares of the bank’s stock worth $62,812,000 after buying an additional 25,742 shares during the last quarter. Hedge funds and other 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 decreased their price objective for the stock from $209.00 to $208.00 in a research report on Monday, December 16th.

Credicorp Stock Up 0.4 %

BAP stock opened at $193.27 on Thursday. The stock has a market capitalization of $15.37 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. The company has a fifty day moving average of $186.10 and a 200-day moving average of $185.71. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00.

Credicorp (NYSE:BAP) last announced its quarterly earnings data 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%. As a group, analysts expect that Credicorp Ltd. will post 21.9 EPS for the current 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.