Axiom Investors LLC DE Buys 135,498 Shares of Credicorp Ltd. (NYSE:BAP)

Axiom Investors LLC DE boosted its stake in Credicorp Ltd. (NYSE:BAP) by 230.8% during the 4th quarter, HoldingsChannel reports. The fund owned 194,209 shares of the bank’s stock after acquiring an additional 135,498 shares during the quarter. Axiom Investors LLC DE’s holdings in Credicorp were worth $35,602,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Credicorp by 37.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after buying an additional 62 shares during the period. R Squared Ltd acquired a new stake in shares of Credicorp in the fourth quarter valued at approximately $172,000. Aprio Wealth Management LLC bought a new stake in shares of Credicorp in the fourth quarter worth $200,000. Callan Family Office LLC acquired a new position in Credicorp during the fourth quarter worth $204,000. Finally, Park Avenue Securities LLC bought a new position in Credicorp in the fourth quarter valued at $238,000. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $209.00 to $208.00 in a research note on Monday, December 16th.

Credicorp Price Performance

NYSE:BAP opened at $188.17 on Monday. The stock has a market capitalization of $14.97 billion, a PE ratio of 10.23, a P/E/G 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 firm has a fifty day simple moving average of $185.61 and a 200 day simple moving average of $185.46. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68.

Credicorp (NYSE:BAP) last announced its quarterly earnings data 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%. On average, research analysts expect that Credicorp Ltd. will post 21.9 EPS for the current fiscal 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.