Congress Wealth Management LLC DE Trims Stake in Credicorp Ltd. (NYSE:BAP)

Congress Wealth Management LLC DE cut its position in shares of Credicorp Ltd. (NYSE:BAP) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,197 shares of the bank’s stock after selling 137 shares during the period. Congress Wealth Management LLC DE’s holdings in Credicorp were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Credicorp by 37.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after acquiring an additional 62 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Credicorp in the 3rd quarter valued at about $58,000. R Squared Ltd purchased a new stake in shares of Credicorp in the 4th quarter worth approximately $172,000. Aprio Wealth Management LLC bought a new position in shares of Credicorp during the fourth quarter valued at approximately $200,000. Finally, Callan Family Office LLC purchased a new position in Credicorp during the fourth quarter valued at approximately $204,000. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

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

Credicorp Stock Performance

Shares of Credicorp stock opened at $188.17 on Friday. The company has a market capitalization of $14.97 billion, a PE ratio of 10.23, a P/E/G ratio of 0.56 and a beta of 1.10. The company has a 50-day simple moving average of $185.61 and a two-hundred day simple moving average of $185.28. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00. 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 (NYSE:BAP) last posted its quarterly earnings data on Monday, February 10th. The bank reported $3.76 EPS for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. Research analysts expect that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

About Credicorp

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.