American Century Companies Inc. Buys 3,104 Shares of Credicorp Ltd. (NYSE:BAP)

American Century Companies Inc. raised its position in shares of Credicorp Ltd. (NYSE:BAP) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 318,211 shares of the bank’s stock after purchasing an additional 3,104 shares during the period. American Century Companies Inc. owned about 0.40% of Credicorp worth $58,334,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 worth $240,138,000 after acquiring an additional 1,176,612 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Credicorp during the third quarter valued at approximately $42,794,000. FMR LLC increased its holdings in Credicorp by 6.1% during the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after buying an additional 199,137 shares during the period. TT International Asset Management LTD bought a new position in Credicorp in the third quarter worth approximately $25,081,000. Finally, SPX Gestao de Recursos Ltda bought a new position in Credicorp in the third quarter worth approximately $22,285,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Credicorp Stock Up 2.6 %

NYSE:BAP opened at $197.24 on Wednesday. The company’s 50-day simple moving average is $185.38 and its 200-day simple moving average is $185.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The stock has a market capitalization of $15.69 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.56 and a beta of 1.10.

Credicorp (NYSE:BAP) last announced its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. On average, equities analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Credicorp Company 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.