Russell Investments Group Ltd. Acquires 26,951 Shares of Credicorp Ltd. (NYSE:BAP)

Russell Investments Group Ltd. boosted its position in Credicorp Ltd. (NYSE:BAP) by 30.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 114,585 shares of the bank’s stock after acquiring an additional 26,951 shares during the period. Russell Investments Group Ltd.’s holdings in Credicorp were worth $20,959,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BAP. Headlands Technologies LLC bought a new stake in Credicorp during the 4th quarter valued at approximately $38,000. MassMutual Private Wealth & Trust FSB increased its holdings 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 valued at $41,000 after acquiring an additional 62 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Credicorp by 45.7% in the fourth quarter. Wells Fargo & Company MN now owns 692 shares of the bank’s stock worth $127,000 after buying an additional 217 shares during the last quarter. R Squared Ltd bought a new position in Credicorp in the 4th quarter valued at approximately $172,000. Finally, Aprio Wealth Management LLC bought a new position in shares of Credicorp during the fourth quarter valued at $200,000. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Credicorp Price Performance

BAP stock opened at $177.81 on Thursday. The firm has a market capitalization of $14.14 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $185.25 and a two-hundred day simple moving average of $185.61. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $200.00.

Credicorp (NYSE:BAP) last issued its 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%. Analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Credicorp Company 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.