Edmond DE Rothschild Holding S.A. Has $1.37 Million Holdings in Credicorp Ltd. (NYSE:BAP)

Edmond DE Rothschild Holding S.A. trimmed its holdings in Credicorp Ltd. (NYSE:BAP) by 18.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,460 shares of the bank’s stock after selling 1,710 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Credicorp were worth $1,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew 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 buying an additional 62 shares during the last quarter. R Squared Ltd bought a new stake in shares of Credicorp during the fourth quarter worth approximately $172,000. Aprio Wealth Management LLC acquired a new position in shares of Credicorp in the fourth quarter valued at approximately $200,000. Callan Family Office LLC bought a new position in shares of Credicorp during the fourth quarter worth approximately $204,000. Finally, Park Avenue Securities LLC bought a new position in shares of Credicorp during the fourth quarter worth approximately $238,000. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Performance

NYSE BAP opened at $192.23 on Wednesday. The firm has a 50-day moving average price of $185.89 and a two-hundred day moving average price of $185.66. 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 $15.29 billion, a P/E ratio of 10.45, a P/E/G ratio of 0.56 and a beta of 1.10. 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 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%. Analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.