Sei Investments Co. Buys 103,308 Shares of Credicorp Ltd. (NYSE:BAP)

Sei Investments Co. increased its stake in Credicorp Ltd. (NYSE:BAP) by 44.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 333,380 shares of the bank’s stock after buying an additional 103,308 shares during the quarter. Sei Investments Co.’s holdings in Credicorp were worth $61,115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BAP. FMR LLC raised its position in Credicorp by 6.1% during the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after acquiring an additional 199,137 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Credicorp by 782.7% in the 3rd 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 purchasing an additional 1,176,612 shares during the period. State Street Corp lifted its stake in Credicorp by 2.0% in the 3rd quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock valued at $207,235,000 after purchasing an additional 21,943 shares during the last quarter. Ninety One UK Ltd grew its holdings in Credicorp by 4.7% during the fourth 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 period. Finally, Pzena Investment Management LLC grew its holdings in Credicorp by 5.2% during the fourth 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. 89.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Credicorp Price Performance

NYSE:BAP opened at $193.13 on Monday. The company has a market cap of $15.36 billion, a P/E ratio of 10.50, a P/E/G ratio of 0.56 and a beta of 1.10. The firm’s fifty day moving average price is $184.95 and its two-hundred day moving average price is $184.77. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07.

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%. Equities analysts expect 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.