Crossmark Global Holdings Inc. Disposes of 728 Shares in Credicorp Ltd. (NYSE:BAP)

2 min read | January 27, 2025 01:01 AM PST | By Team Kalkine Media

Crossmark Global Holdings Inc. Disposes of 728 Shares in Credicorp Ltd. (NYSE:BAP)

Investor Movements and Institutional Holdings

Crossmark Global Holdings Inc. recently adjusted its investment strategy by reducing its holdings in Credicorp Ltd. by 22.8% during the fourth quarter. This shift reflects a disposition of 728 shares, leaving Crossmark with 2,461 shares valued at $451,000 at the time of the latest SEC filing. Aside from Crossmark, other major institutions have shown varied levels of engagement with Credicorp.

Among them, FMR LLC notably increased its shareholdings by 6.1% in the third quarter, amassing a total of 3,446,621 shares, equating to a substantial value of $623,735,000. Massachusetts Financial Services Co. MA also made modest gains, boosting its holdings by 0.5% with an additional 13,868 shares, while Baillie Gifford & Co. increased its position by 2.5%.

Furthermore, UBS Asset Management Americas LLC demonstrated significant interest, expanding its stake by an impressive 782.7%, resulting in ownership of 1,326,947 shares. Another significant player, State Street Corp, raised its holdings by 2.0% during the same period, now owning 1,123,023 shares valued at $207,235,000.

Stock Performance and Financial Metrics

Credicorp's shares (BAP) opened at $181.51 recently, indicative of the market's valuation of the company. The company maintains a debt-to-equity ratio of 0.66 and boasts a market capitalization of $14.44 billion. With a price-to-earnings ratio of 10.41 and a P/E/G ratio of 0.49, Credicorp presents a interesting financial profile.

The bank's recent financial performance has been noteworthy. Credicorp reported earnings per share (EPS) of $5.08 for the quarter, surpassing the consensus estimate of $4.67, reflecting a robust net margin of 20.11% and a return on equity of 15.59%. Revenue figures stood at $1.76 billion, surpassing expectations set at $1.36 billion, showcasing the company's financial strength.

Company Overview

Credicorp Ltd. operates across multiple segments, including Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management. The company offers diverse financial services and products, primarily in Peru and other international markets.

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