Scout Investments Inc. Sells 7,232 Shares of Credicorp Ltd. (NYSE:BAP)

Scout Investments Inc. cut its holdings in Credicorp Ltd. (NYSE:BAP) by 8.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 75,356 shares of the bank’s stock after selling 7,232 shares during the quarter. Scout Investments Inc.’s holdings in Credicorp were worth $12,360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Voloridge Investment Management LLC bought a new stake in Credicorp during the third quarter worth about $6,695,000. Brinker Capital Investments LLC acquired a new stake in Credicorp during the 3rd quarter valued at approximately $814,000. M&G Investment Management Ltd. acquired a new stake in Credicorp during the 3rd quarter valued at approximately $203,000. DekaBank Deutsche Girozentrale acquired a new stake in Credicorp during the 3rd quarter valued at approximately $2,426,000. Finally, UBS Asset Management Americas Inc. increased its position in Credicorp by 20.2% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 437,089 shares of the bank’s stock valued at $54,195,000 after purchasing an additional 73,450 shares during the period. Institutional investors own 65.74% of the company’s stock.

Shares of NYSE:BAP opened at $159.53 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $162.07 and its two-hundred day simple moving average is $135.75. Credicorp Ltd. has a 1-year low of $110.47 and a 1-year high of $220.25. The stock has a market cap of $12.72 billion, a PE ratio of 63.81, a price-to-earnings-growth ratio of 5.94 and a beta of 0.95.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Thursday, November 5th. The bank reported $0.38 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.78). Credicorp had a net margin of 4.18% and a return on equity of 2.76%. The company had revenue of $929.02 million for the quarter, compared to the consensus estimate of $1.02 billion. On average, sell-side analysts forecast that Credicorp Ltd. will post 0.81 earnings per share for the current fiscal year.

BAP has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Credicorp from a “sell” rating to a “hold” rating in a research report on Monday, January 4th. Smith Barney Citigroup downgraded shares of Credicorp from a “buy” rating to a “neutral” rating in a research report on Wednesday. Scotiabank raised shares of Credicorp from a “sector perform” rating to a “sector outperform” rating and set a $153.00 price objective for the company in a research report on Tuesday, October 27th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reaffirmed a “neutral” rating on shares of Credicorp in a research report on Wednesday. Finally, Santander upgraded Credicorp from a “hold” rating to a “buy” rating in a report on Tuesday, November 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $160.33.

Credicorp Company Profile

Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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