Itau Unibanco Holding S.A. Acquires 1,217,368 Shares of Credicorp Ltd. (NYSE:BAP)

Itau Unibanco Holding S.A. grew its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 243.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,716,777 shares of the bank’s stock after purchasing an additional 1,217,368 shares during the period. Credicorp makes up approximately 9.2% of Itau Unibanco Holding S.A.’s investment portfolio, making the stock its 3rd largest holding. Itau Unibanco Holding S.A. owned 2.16% of Credicorp worth $290,920,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in shares of Credicorp during the fourth quarter valued at $38,000. MassMutual Private Wealth & Trust FSB grew its stake 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 last quarter. Quarry LP bought a new stake in shares of Credicorp in the 4th quarter worth approximately $47,000. Wells Fargo & Company MN raised its holdings in shares of Credicorp by 45.7% in the 4th quarter. Wells Fargo & Company MN now owns 692 shares of the bank’s stock worth $127,000 after purchasing an additional 217 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Credicorp in the 4th quarter worth approximately $172,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Up 0.8 %

NYSE BAP opened at $201.74 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. The company’s 50 day simple moving average is $186.19 and its 200 day simple moving average is $186.33. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $202.54. The company has a market capitalization of $16.05 billion, a P/E ratio of 10.97, a PEG ratio of 0.56 and a beta of 0.99.

Credicorp (NYSE:BAP) last released its earnings results 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 return on equity of 16.25% and a net margin of 20.94%. Equities research analysts expect 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.