WCM Investment Management LLC Sells 21,254 Shares of Credicorp Ltd. (NYSE:BAP)

WCM Investment Management LLC decreased its position in shares of Credicorp Ltd. (NYSE:BAP) by 6.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 293,838 shares of the bank’s stock after selling 21,254 shares during the quarter. WCM Investment Management LLC’s holdings in Credicorp were worth $52,944,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BAP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Credicorp by 782.7% during 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 worth $240,138,000 after purchasing an additional 1,176,612 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Credicorp during the 3rd quarter worth $42,794,000. FMR LLC lifted its stake in shares of Credicorp by 6.1% during the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after purchasing an additional 199,137 shares during the last quarter. Carrhae Capital LLP purchased a new stake in shares of Credicorp during the 3rd quarter worth $27,974,000. Finally, TT International Asset Management LTD purchased a new stake in shares of Credicorp during the 3rd quarter worth $25,081,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of NYSE BAP opened at $189.91 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $15.11 billion, a PE ratio of 10.90, a P/E/G ratio of 0.51 and a beta of 1.12. The business has a 50-day simple moving average of $185.33 and a two-hundred day simple moving average of $181.16. Credicorp Ltd. has a fifty-two week low of $149.27 and a fifty-two week high of $200.00.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, November 7th. The bank reported $5.08 earnings per share for the quarter, topping the consensus estimate of $4.67 by $0.41. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.36 billion. Credicorp had a return on equity of 15.59% and a net margin of 20.11%. During the same quarter last year, the company earned $4.23 earnings per share. As a group, equities analysts expect that Credicorp Ltd. will post 18.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Bank of America cut Credicorp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $209.00 to $208.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th.

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.