Hexavest Inc. Sells 4,222 Shares of Credicorp Ltd. (BAP)

Hexavest Inc. lessened its holdings in Credicorp Ltd. (NYSE:BAP) by 15.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,848 shares of the bank’s stock after selling 4,222 shares during the period. Hexavest Inc.’s holdings in Credicorp were worth $4,947,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Guardian Capital LP raised its position in Credicorp by 2.7% in the third quarter. Guardian Capital LP now owns 13,325 shares of the bank’s stock worth $2,732,000 after purchasing an additional 350 shares in the last quarter. Fred Alger Management Inc. raised its position in Credicorp by 11.4% in the second quarter. Fred Alger Management Inc. now owns 4,100 shares of the bank’s stock worth $735,000 after purchasing an additional 420 shares in the last quarter. Advisor Group Inc. raised its position in Credicorp by 143.0% in the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock worth $130,000 after purchasing an additional 426 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Credicorp by 0.7% in the third quarter. Asset Management One Co. Ltd. now owns 92,072 shares of the bank’s stock worth $18,877,000 after purchasing an additional 600 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in Credicorp by 9.9% in the second quarter. Voya Investment Management LLC now owns 9,371 shares of the bank’s stock worth $1,681,000 after purchasing an additional 847 shares in the last quarter. 65.99% of the stock is owned by hedge funds and other institutional investors.

Shares of Credicorp Ltd. (NYSE BAP) opened at $222.88 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $17,711.61, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.12 and a beta of 0.86. Credicorp Ltd. has a 52 week low of $150.71 and a 52 week high of $224.36.

BAP has been the subject of several recent research reports. Zacks Investment Research lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Citigroup lowered shares of Credicorp from a “buy” rating to a “neutral” rating in a research report on Friday, September 29th. Finally, ValuEngine lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Seven research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $225.50.

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Credicorp Company 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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