Envestnet Asset Management Inc. Trims Holdings in Credicorp Ltd. (NYSE:BAP)

Envestnet Asset Management Inc. reduced its stake in shares of Credicorp Ltd. (NYSE:BAP) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,769 shares of the bank’s stock after selling 1,575 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.12% of Credicorp worth $18,106,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BAP. Headlands Technologies LLC purchased a new position in shares of Credicorp during the fourth quarter valued at $38,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Credicorp by 37.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after purchasing an additional 62 shares during the period. Wells Fargo & Company MN increased its holdings in Credicorp by 45.7% during the fourth quarter. Wells Fargo & Company MN now owns 692 shares of the bank’s stock valued at $127,000 after buying an additional 217 shares during the period. R Squared Ltd bought a new position in Credicorp in the fourth quarter worth approximately $172,000. Finally, Aprio Wealth Management LLC purchased a new stake in Credicorp during the fourth quarter worth $200,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Trading Up 0.4 %

Shares of NYSE:BAP opened at $184.95 on Wednesday. The company has a market capitalization of $14.71 billion, a PE ratio of 10.06, a P/E/G 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 12-month low of $153.27 and a 12-month high of $200.00. The business’s fifty day simple moving average is $184.66 and its 200-day simple moving average is $185.62.

Credicorp (NYSE:BAP) last posted its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Credicorp Company 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.