Massachusetts Financial Services Co. MA Sells 17,918 Shares of Credicorp Ltd. (NYSE:BAP)

Massachusetts Financial Services Co. MA decreased its stake in Credicorp Ltd. (NYSE:BAP) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,024,964 shares of the bank’s stock after selling 17,918 shares during the quarter. Massachusetts Financial Services Co. MA owned 3.80% of Credicorp worth $554,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BAP. Nordea Investment Management AB raised its position 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 stake in Credicorp in the fourth quarter worth $9,349,000. Park Avenue Securities LLC bought a new position in shares of Credicorp during the fourth quarter worth $238,000. Atomi Financial Group Inc. grew its holdings in shares of Credicorp by 20.0% in the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank’s stock valued at $286,000 after buying an additional 260 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Credicorp by 8.0% during 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 during the period. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

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 Trading Up 0.4 %

Shares of NYSE:BAP opened at $193.27 on Thursday. The firm has a market cap of $15.37 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 0.56 and a beta of 1.10. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $200.00. The company’s fifty day simple moving average is $186.10 and its 200 day simple moving average is $185.71. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68.

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 net margin of 20.94% and a return on equity of 16.25%. As a group, research analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current fiscal 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.