Prudential PLC Has $1.36 Million Stake in Credicorp Ltd. (NYSE:BAP)

Prudential PLC lessened its position in Credicorp Ltd. (NYSE:BAP) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,416 shares of the bank’s stock after selling 477 shares during the period. Prudential PLC’s holdings in Credicorp were worth $1,360,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BAP. MassMutual Private Wealth & Trust FSB raised its position in Credicorp by 37.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after purchasing an additional 62 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Credicorp by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank’s stock worth $283,000 after acquiring an additional 62 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Credicorp by 4.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,555 shares of the bank’s stock worth $285,000 after acquiring an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Credicorp by 4.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,628 shares of the bank’s stock valued at $298,000 after acquiring an additional 67 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Credicorp by 5.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,591 shares of the bank’s stock valued at $292,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of BAP stock opened at $179.26 on Monday. 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 Ltd. has a 52 week low of $153.27 and a 52 week high of $200.00. The firm has a 50 day moving average of $186.20 and a 200-day moving average of $185.89. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99.

Credicorp (NYSE:BAP) last posted 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%. On average, equities analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Analysts Set New Price Targets

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

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.