Credicorp Ltd. (NYSE:BAP) Shares Sold by INCA Investments LLC

INCA Investments LLC trimmed its stake in Credicorp Ltd. (NYSE:BAP) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 310,688 shares of the bank’s stock after selling 79,400 shares during the quarter. Credicorp makes up 20.6% of INCA Investments LLC’s portfolio, making the stock its biggest holding. INCA Investments LLC owned approximately 0.39% of Credicorp worth $46,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Handelsbanken Fonder AB grew its position in shares of Credicorp by 2.3% in the fourth quarter. Handelsbanken Fonder AB now owns 252,909 shares of the bank’s stock valued at $37,919,000 after purchasing an additional 5,695 shares during the period. CWM LLC grew its position in shares of Credicorp by 69.2% in the fourth quarter. CWM LLC now owns 225 shares of the bank’s stock valued at $34,000 after purchasing an additional 92 shares during the period. Signaturefd LLC grew its position in shares of Credicorp by 24.3% in the fourth quarter. Signaturefd LLC now owns 746 shares of the bank’s stock valued at $112,000 after purchasing an additional 146 shares during the period. WCM Investment Management LLC grew its position in Credicorp by 1,723.7% during the fourth quarter. WCM Investment Management LLC now owns 303,705 shares of the bank’s stock valued at $45,832,000 after acquiring an additional 287,052 shares during the period. Finally, Simplicity Solutions LLC purchased a new stake in Credicorp during the fourth quarter valued at about $419,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Up 0.6 %

Shares of BAP traded up $1.00 during midday trading on Monday, reaching $168.06. 176,068 shares of the company were exchanged, compared to its average volume of 237,581. The stock has a 50-day moving average price of $169.91 and a 200-day moving average price of $149.93. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 0.57 and a beta of 1.13. Credicorp Ltd. has a 1-year low of $116.42 and a 1-year high of $179.53. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.44.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Thursday, February 8th. The bank reported $2.80 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.02). The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. Credicorp had a return on equity of 14.68% and a net margin of 20.17%. Research analysts expect that Credicorp Ltd. will post 18.4 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on BAP. JPMorgan Chase & Co. boosted their price target on Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a research report on Thursday, February 29th. UBS Group lowered their price target on Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, February 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Credicorp has a consensus rating of “Moderate Buy” and a consensus price target of $181.73.

Credicorp Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.