Credicorp Ltd. (NYSE:BAP) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in Credicorp Ltd. (NYSE:BAP) by 19.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 201,994 shares of the bank’s stock after purchasing an additional 32,645 shares during the quarter. Wellington Management Group LLP owned about 0.25% of Credicorp worth $37,030,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its stake 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 worth $4,362,000 after acquiring an additional 3,753 shares during the period. Artemis Investment Management LLP acquired a new stake in Credicorp in the fourth quarter worth approximately $9,349,000. Park Avenue Securities LLC bought a new position in Credicorp during the 4th quarter valued at $238,000. Atomi Financial Group Inc. increased its position in shares of Credicorp by 20.0% during the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank’s stock valued at $286,000 after purchasing an additional 260 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Credicorp by 8.0% in the 3rd 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 in the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Trading Down 5.3 %

Shares of NYSE:BAP opened at $179.26 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. The stock has a market capitalization of $14.26 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.56 and a beta of 0.99. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $200.00. The company has a 50 day moving average price of $186.20 and a 200 day moving average price of $185.89.

Credicorp (NYSE:BAP) last issued its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. On average, research analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.