Atlas Capital Advisors Inc. Cuts Stake in Credicorp Ltd. (NYSE:BAP)

Atlas Capital Advisors Inc. decreased its holdings in Credicorp Ltd. (NYSE:BAP) by 38.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,524 shares of the bank’s stock after selling 957 shares during the period. Atlas Capital Advisors Inc.’s holdings in Credicorp were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of BAP. Norges Bank purchased a new stake in Credicorp during the 4th quarter worth about $84,213,000. Public Employees Retirement System of Ohio acquired a new stake in Credicorp in the third quarter valued at approximately $42,794,000. GQG Partners LLC purchased a new position in Credicorp in the fourth quarter worth approximately $40,187,000. TT International Asset Management LTD acquired a new position in Credicorp during the 3rd quarter worth approximately $25,081,000. Finally, Axiom Investors LLC DE increased its position in shares of Credicorp by 230.8% in the 4th quarter. Axiom Investors LLC DE now owns 194,209 shares of the bank’s stock valued at $35,602,000 after purchasing an additional 135,498 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Down 5.3 %

BAP stock opened at $179.26 on Friday. The stock has a market cap of $14.26 billion, a P/E ratio of 9.75, a PEG ratio of 0.56 and a beta of 0.99. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $200.00. The company’s 50 day moving average is $186.20 and its two-hundred day moving average is $185.77.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $209.00 to $208.00 in a research 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.