BT Investment Management Ltd Sells 20,369 Shares of Credicorp Ltd. (BAP)

BT Investment Management Ltd lessened its stake in Credicorp Ltd. (NYSE:BAP) by 26.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,723 shares of the bank’s stock after selling 20,369 shares during the quarter. BT Investment Management Ltd’s holdings in Credicorp were worth $11,973,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BAP. Advisor Group Inc. lifted its holdings in shares of Credicorp by 143.0% in the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock valued at $130,000 after purchasing an additional 426 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Credicorp in the fourth quarter valued at approximately $134,000. Quantitative Systematic Strategies LLC bought a new position in shares of Credicorp in the third quarter valued at approximately $251,000. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Credicorp in the fourth quarter valued at approximately $251,000. Finally, High Pointe Capital Management LLC bought a new position in shares of Credicorp in the third quarter valued at approximately $268,000. Institutional investors own 65.82% of the company’s stock.

BAP has been the topic of a number of recent research reports. Zacks Investment Research lowered Credicorp from a “buy” rating to a “hold” rating in a report on Monday, January 8th. ValuEngine lowered Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. HSBC lowered Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. lowered Credicorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, lowered Credicorp from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Seven analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $225.50.

Shares of Credicorp Ltd. (BAP) opened at $219.80 on Thursday. The company has a market capitalization of $17,311.04, a price-to-earnings ratio of 15.97, a P/E/G ratio of 1.10 and a beta of 0.91. Credicorp Ltd. has a fifty-two week low of $150.71 and a fifty-two week high of $237.99. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.04.

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Credicorp Profile

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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