Credicorp Ltd. (NYSE:BAP) Shares Purchased by APG Asset Management N.V.

APG Asset Management N.V. increased its position in shares of Credicorp Ltd. (NYSE:BAP) by 15.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 96,424 shares of the bank’s stock after acquiring an additional 13,243 shares during the quarter. APG Asset Management N.V.’s holdings in Credicorp were worth $17,070,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC grew its stake in Credicorp by 31.8% during the 4th quarter. Cerity Partners LLC now owns 4,045 shares of the bank’s stock valued at $735,000 after acquiring an additional 977 shares in the last quarter. FMR LLC increased its position in Credicorp by 5.7% in the 4th quarter. FMR LLC now owns 3,642,818 shares of the bank’s stock worth $667,801,000 after buying an additional 196,197 shares during the period. Federated Hermes Inc. increased its position in Credicorp by 0.5% in the 4th quarter. Federated Hermes Inc. now owns 192,821 shares of the bank’s stock worth $35,348,000 after buying an additional 1,015 shares during the period. Quadrant Capital Group LLC increased its position in Credicorp by 3.4% in the 4th quarter. Quadrant Capital Group LLC now owns 2,748 shares of the bank’s stock worth $504,000 after buying an additional 90 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Credicorp by 30.8% in the 4th quarter. Russell Investments Group Ltd. now owns 114,585 shares of the bank’s stock worth $20,959,000 after buying an additional 26,951 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Performance

BAP opened at $177.81 on Thursday. The stock has a market cap of $14.14 billion, a PE ratio of 9.67, a P/E/G ratio of 0.56 and a beta of 0.99. 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 Ltd. has a 1 year low of $153.27 and a 1 year high of $200.00. The stock’s 50 day simple moving average is $185.25 and its 200-day simple moving average is $185.61.

Credicorp (NYSE:BAP) last announced its quarterly 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 net margin of 20.94% and a return on equity of 16.25%. Sell-side analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Bank of America downgraded Credicorp from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $209.00 to $208.00 in a research 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.