Inca Investments LLC Lowered Its Position in Credicorp LTD (BAP) by $7.34 Million

April 22, 2018 - By Vivian Currie

Inca Investments Llc decreased its stake in Credicorp Ltd (BAP) by 12.25% based on its latest 2017Q4 regulatory filing with the SEC. Inca Investments Llc sold 35,480 shares as the company’s stock rose 7.17% while stock markets declined. The institutional investor held 254,220 shares of the commercial banks company at the end of 2017Q4, valued at $52.73M, down from 289,700 at the end of the previous reported quarter. Inca Investments Llc who had been investing in Credicorp Ltd for a number of months, seems to be less bullish one the $18.42B market cap company. The stock increased 0.24% or $0.56 during the last trading session, reaching $230.94. About 193,435 shares traded. Credicorp Ltd. (NYSE:BAP) has risen 38.54% since April 22, 2017 and is uptrending. It has outperformed by 26.99% the S&P500.

Analysts await Credicorp Ltd. (NYSE:BAP) to report earnings on May, 4. They expect $3.86 EPS, up 15.22 % or $0.51 from last year’s $3.35 per share. BAP’s profit will be $307.88M for 14.96 P/E if the $3.86 EPS becomes a reality. After $4.11 actual EPS reported by Credicorp Ltd. for the previous quarter, Wall Street now forecasts -6.08 % negative EPS growth.

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