Credicorp Ltd. (NYSE:BAP) Stock Holdings Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in shares of Credicorp Ltd. (NYSE:BAP) by 51.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,677 shares of the bank’s stock after selling 40,339 shares during the period. New York State Common Retirement Fund’s holdings in Credicorp were worth $5,649,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BAP. Massachusetts Financial Services Co. MA increased its stake in Credicorp by 1.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,053,247 shares of the bank’s stock valued at $390,724,000 after purchasing an additional 55,018 shares during the last quarter. FMR LLC grew its position in shares of Credicorp by 1.4% during the 3rd quarter. FMR LLC now owns 2,656,459 shares of the bank’s stock valued at $339,947,000 after buying an additional 36,795 shares during the last quarter. Westwood Global Investments LLC raised its stake in Credicorp by 7.6% during the third quarter. Westwood Global Investments LLC now owns 1,898,456 shares of the bank’s stock worth $242,945,000 after acquiring an additional 134,731 shares during the period. Royal Bank of Canada lifted its holdings in Credicorp by 6.2% in the third quarter. Royal Bank of Canada now owns 1,286,946 shares of the bank’s stock worth $164,693,000 after acquiring an additional 75,280 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Credicorp by 18.5% in the third quarter. Bank of New York Mellon Corp now owns 1,197,427 shares of the bank’s stock valued at $153,235,000 after acquiring an additional 187,285 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BAP shares. JPMorgan Chase & Co. raised their price target on Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. UBS Group cut their target price on Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Credicorp presently has an average rating of “Moderate Buy” and a consensus target price of $181.73.

Credicorp Stock Performance

Shares of NYSE BAP opened at $168.64 on Friday. Credicorp Ltd. has a 12-month low of $116.42 and a 12-month high of $179.53. The company has a market cap of $13.41 billion, a PE ratio of 10.78, a P/E/G ratio of 0.56 and a beta of 1.12. The stock has a 50 day simple moving average of $169.68 and a 200-day simple moving average of $150.71. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.44.

Credicorp (NYSE:BAP) last announced its quarterly earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.02). The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. Credicorp had a return on equity of 14.68% and a net margin of 20.17%. On average, equities research analysts forecast that Credicorp Ltd. will post 18.4 EPS for the current year.

About Credicorp

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.