Wells Fargo & Company MN Buys 217 Shares of Credicorp Ltd. (NYSE:BAP)

Wells Fargo & Company MN increased its stake in shares of Credicorp Ltd. (NYSE:BAP) by 45.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 692 shares of the bank’s stock after acquiring an additional 217 shares during the period. Wells Fargo & Company MN’s holdings in Credicorp were worth $127,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB grew its holdings in Credicorp by 18.5% during the fourth quarter. Nordea Investment Management AB now owns 24,008 shares of the bank’s stock valued at $4,362,000 after purchasing an additional 3,753 shares during the last quarter. Artemis Investment Management LLP acquired a new position in Credicorp in the 4th quarter valued at $9,349,000. Park Avenue Securities LLC bought a new position in Credicorp in the 4th quarter worth $238,000. Atomi Financial Group Inc. lifted its position in Credicorp by 20.0% during the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank’s stock worth $286,000 after acquiring an additional 260 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Credicorp by 8.0% during the third quarter. Principal Financial Group Inc. now owns 347,083 shares of the bank’s stock valued at $62,812,000 after acquiring an additional 25,742 shares during the period. 89.81% of the stock is owned by institutional investors.

Credicorp Trading Up 0.6 %

Credicorp stock opened at $205.21 on Friday. The business’s 50-day simple moving average is $188.86 and its 200-day simple moving average is $187.03. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $206.98. The firm has a market capitalization of $16.32 billion, a PE ratio of 11.16, a PEG ratio of 0.56 and a beta of 1.00. 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 (NYSE:BAP) last issued its quarterly earnings results 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 return on equity of 16.25% and a net margin of 20.94%. Equities research analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current 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.