Royal London Asset Management Ltd. Sells 44,672 Shares of Credicorp Ltd. (NYSE:BAP)

Royal London Asset Management Ltd. lessened its holdings in Credicorp Ltd. (NYSE:BAP) by 31.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,369 shares of the bank’s stock after selling 44,672 shares during the quarter. Royal London Asset Management Ltd. owned 0.12% of Credicorp worth $17,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of BAP. OneDigital Investment Advisors LLC bought a new position in Credicorp in the 3rd quarter valued at $249,000. Massachusetts Financial Services Co. MA grew its stake in Credicorp by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,042,882 shares of the bank’s stock valued at $550,670,000 after purchasing an additional 13,868 shares during the period. Citigroup Inc. grew its stake in Credicorp by 4.7% in the 3rd quarter. Citigroup Inc. now owns 197,889 shares of the bank’s stock valued at $35,812,000 after purchasing an additional 8,924 shares during the period. Cerity Partners LLC grew its stake in shares of Credicorp by 3.8% during the 3rd quarter. Cerity Partners LLC now owns 3,068 shares of the bank’s stock worth $555,000 after acquiring an additional 111 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of Credicorp by 307.8% during the 3rd quarter. Fisher Asset Management LLC now owns 49,973 shares of the bank’s stock worth $9,044,000 after acquiring an additional 37,718 shares during the period. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Down 0.6 %

BAP stock opened at $193.13 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 0.56 and a beta of 1.10. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The stock has a fifty day moving average of $184.95 and a 200-day moving average of $184.59.

Credicorp (NYSE:BAP) last issued its earnings results on Monday, February 10th. The bank reported $3.76 EPS 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, equities research analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.