Credicorp Ltd. (NYSE:BAP) is Westwood Global Investments LLC’s 2nd Largest Position

Westwood Global Investments LLC cut its position in Credicorp Ltd. (NYSE:BAP) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,788,994 shares of the bank’s stock after selling 14,027 shares during the quarter. Credicorp comprises 14.4% of Westwood Global Investments LLC’s investment portfolio, making the stock its 2nd biggest position. Westwood Global Investments LLC owned about 2.25% of Credicorp worth $288,618,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BAP. Charles Schwab Investment Management Inc. grew its position in Credicorp by 9.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 70,212 shares of the bank’s stock worth $10,527,000 after buying an additional 6,301 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Credicorp by 7.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,837 shares of the bank’s stock valued at $275,000 after purchasing an additional 134 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in Credicorp in the fourth quarter valued at approximately $213,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Credicorp by 11.9% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 40,271 shares of the bank’s stock valued at $5,869,000 after purchasing an additional 4,272 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Credicorp by 9.0% in the 4th quarter. Quadrant Capital Group LLC now owns 2,001 shares of the bank’s stock worth $300,000 after buying an additional 166 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Credicorp Trading Up 0.5 %

Credicorp stock opened at $175.58 on Monday. Credicorp Ltd. has a fifty-two week low of $116.42 and a fifty-two week high of $180.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s fifty day moving average price is $169.76 and its 200-day moving average price is $167.86.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, August 8th. The bank reported $4.49 earnings per share for the quarter, missing analysts’ consensus estimates of $4.64 by ($0.15). Credicorp had a net margin of 19.31% and a return on equity of 14.86%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Equities research analysts forecast that Credicorp Ltd. will post 18.81 earnings per share for the current 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.