Diamond Hill Capital Management Inc. Sells 1,905 Shares of Credicorp Ltd. (NYSE:BAP)

Diamond Hill Capital Management Inc. reduced its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 25.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,448 shares of the bank’s stock after selling 1,905 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Credicorp were worth $999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BAP. Assetmark Inc. lifted its holdings in shares of Credicorp by 4.2% during the third quarter. Assetmark Inc. now owns 6,481 shares of the bank’s stock valued at $1,173,000 after purchasing an additional 263 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Credicorp by 4.6% during the third quarter. Crossmark Global Holdings Inc. now owns 3,189 shares of the bank’s stock valued at $577,000 after purchasing an additional 140 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Credicorp by 3.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 189,177 shares of the bank’s stock valued at $34,235,000 after purchasing an additional 5,842 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in shares of Credicorp during the third quarter valued at $249,000. Finally, NS Partners Ltd bought a new position in shares of Credicorp during the third quarter valued at $10,894,000. 89.81% of the stock is owned by institutional investors.

Credicorp Stock Up 2.1 %

BAP stock opened at $188.97 on Friday. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $200.00. The business’s 50-day moving average is $184.10 and its two-hundred day moving average is $183.96. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. The company has a market cap of $15.03 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 0.56 and a beta of 1.10.

Credicorp (NYSE:BAP) last posted its 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%. As a group, analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.