California Public Employees Retirement System Has $19.02 Million Stock Holdings in Credicorp Ltd. (NYSE:BAP)

California Public Employees Retirement System trimmed its position in Credicorp Ltd. (NYSE:BAP) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,834 shares of the bank’s stock after selling 5,608 shares during the quarter. California Public Employees Retirement System’s holdings in Credicorp were worth $19,016,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted its stake in Credicorp by 69.2% in the 4th quarter. CWM LLC now owns 225 shares of the bank’s stock valued at $34,000 after purchasing an additional 92 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Credicorp by 24.3% during the fourth quarter. Signaturefd LLC now owns 746 shares of the bank’s stock worth $112,000 after buying an additional 146 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Credicorp in the 3rd quarter valued at $136,000. Janiczek Wealth Management LLC boosted its holdings in shares of Credicorp by 25.2% during the 4th quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock valued at $146,000 after acquiring an additional 196 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Credicorp by 7.7% during the 4th quarter. Blue Trust Inc. now owns 1,396 shares of the bank’s stock worth $209,000 after acquiring an additional 100 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. UBS Group dropped their target price on Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, February 5th. JPMorgan Chase & Co. raised their price objective on shares of Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $181.73.

Credicorp Stock Up 0.6 %

Shares of NYSE:BAP opened at $168.06 on Tuesday. The firm has a market cap of $13.37 billion, a P/E ratio of 10.75, a P/E/G ratio of 0.57 and a beta of 1.13. Credicorp Ltd. has a 12-month low of $116.42 and a 12-month high of $179.53. The business has a fifty day simple moving average of $169.91 and a 200 day simple moving average of $149.93. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.44.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, February 8th. The bank reported $2.80 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.02). Credicorp had a net margin of 20.17% and a return on equity of 14.68%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. Analysts predict that Credicorp Ltd. will post 18.4 earnings per share for the current year.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.