Royal London Asset Management Ltd. Sells 44,672 Shares of Credicorp Ltd. (NYSE:BAP)

Royal London Asset Management Ltd. lowered its holdings in Credicorp Ltd. (NYSE:BAP) by 31.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,369 shares of the bank’s stock after selling 44,672 shares during the period. Royal London Asset Management Ltd.’s holdings in Credicorp were worth $17,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Credicorp by 37.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after acquiring an additional 62 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Credicorp in the 3rd quarter valued at about $58,000. R Squared Ltd purchased a new stake in shares of Credicorp in the 4th quarter valued at about $172,000. Aprio Wealth Management LLC purchased a new stake in shares of Credicorp in the 4th quarter valued at about $200,000. Finally, Callan Family Office LLC purchased a new stake in shares of Credicorp in the 4th quarter valued at about $204,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

NYSE:BAP opened at $193.13 on Friday. The business has a 50 day moving average of $184.95 and a 200 day moving average of $184.59. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 0.56 and a beta of 1.10. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $200.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07.

Credicorp (NYSE:BAP) last released its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share 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, sell-side analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.