Pitcairn Co. Purchases 282 Shares of Credicorp Ltd. (NYSE:BAP)

Pitcairn Co. boosted its position in shares of Credicorp Ltd. (NYSE:BAP) by 9.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,129 shares of the bank’s stock after buying an additional 282 shares during the quarter. Pitcairn Co.’s holdings in Credicorp were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

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

Credicorp Trading Down 5.3 %

Shares of BAP stock opened at $179.26 on Friday. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. The company has a market capitalization of $14.26 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99. The firm has a 50 day moving average price of $186.20 and a two-hundred day moving average price of $185.85. 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 released its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. As a group, analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Credicorp 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.