Pictet Asset Management Holding SA Has $15.42 Million Stock Position in Credicorp Ltd. (NYSE:BAP)

Pictet Asset Management Holding SA cut its stake in shares of Credicorp Ltd. (NYSE:BAP) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,119 shares of the bank’s stock after selling 2,586 shares during the period. Pictet Asset Management Holding SA owned about 0.11% of Credicorp worth $15,421,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BAP. Nomura Asset Management Co. Ltd. increased its holdings in Credicorp by 11.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 8,970 shares of the bank’s stock worth $1,644,000 after purchasing an additional 910 shares in the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new position in shares of Credicorp in the fourth quarter valued at approximately $8,671,000. Norges Bank bought a new position in Credicorp in the 4th quarter valued at approximately $84,213,000. BIT Capital GmbH grew its holdings in Credicorp by 49.6% during the 4th quarter. BIT Capital GmbH now owns 8,705 shares of the bank’s stock worth $1,596,000 after acquiring an additional 2,887 shares during the last quarter. Finally, Banco BTG Pactual S.A. grew its holdings in Credicorp by 1.0% during the 4th quarter. Banco BTG Pactual S.A. now owns 8,134 shares of the bank’s stock worth $1,497,000 after acquiring an additional 81 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Performance

Shares of BAP stock opened at $192.23 on Wednesday. The stock has a market capitalization of $15.29 billion, a PE ratio of 10.45, a PEG ratio of 0.56 and a beta of 1.10. The business’s 50 day simple moving average is $185.89 and its 200 day simple moving average is $185.66. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Monday, February 10th. The bank reported $3.76 EPS 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, research analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Bank of America lowered shares of Credicorp from a “buy” rating to a “neutral” rating and cut their price target for the stock 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.