Carrhae Capital LLP Sells 113,908 Shares of Credicorp Ltd. (NYSE:BAP)

Carrhae Capital LLP trimmed its position in Credicorp Ltd. (NYSE:BAP) by 73.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 40,669 shares of the bank’s stock after selling 113,908 shares during the period. Credicorp comprises 0.6% of Carrhae Capital LLP’s investment portfolio, making the stock its 20th biggest position. Carrhae Capital LLP owned approximately 0.05% of Credicorp worth $7,455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Credicorp by 6.1% in the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after buying an additional 199,137 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Credicorp by 782.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock valued at $240,138,000 after acquiring an additional 1,176,612 shares during the last quarter. State Street Corp grew its position in shares of Credicorp by 2.0% during the 3rd quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock valued at $207,235,000 after acquiring an additional 21,943 shares during the period. Ninety One UK Ltd increased its stake in shares of Credicorp by 4.7% during the 4th quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank’s stock worth $199,697,000 after purchasing an additional 49,031 shares during the last quarter. Finally, Pzena Investment Management LLC raised its holdings in shares of Credicorp by 5.2% in the 4th quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank’s stock worth $198,092,000 after purchasing an additional 53,746 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

Separately, Bank of America lowered 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 report on Monday, December 16th.

Credicorp Price Performance

NYSE BAP opened at $192.38 on Tuesday. 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 market cap of $15.30 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $200.00. The firm’s 50-day simple moving average is $185.19 and its two-hundred day simple moving average is $184.91.

Credicorp (NYSE:BAP) last announced its quarterly 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 net margin of 20.94% and a return on equity of 16.25%. Research analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current 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.