New York State Common Retirement Fund Raises Holdings in Credicorp Ltd. (NYSE:BAP)

New York State Common Retirement Fund boosted its stake in Credicorp Ltd. (NYSE:BAP) by 37.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,689 shares of the bank’s stock after purchasing an additional 16,388 shares during the period. New York State Common Retirement Fund’s holdings in Credicorp were worth $10,942,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Credicorp by 37.8% in the fourth 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. Brown Brothers Harriman & Co. bought a new stake in Credicorp during the 3rd quarter valued at $58,000. R Squared Ltd purchased a new stake in Credicorp during the 4th quarter valued at $172,000. Aprio Wealth Management LLC bought a new stake in Credicorp in the 4th quarter worth $200,000. Finally, Cigna Investments Inc. New purchased a new position in shares of Credicorp in the third quarter valued at about $237,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BAP has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Bank of America cut Credicorp from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $209.00 to $208.00 in a report on Monday, December 16th.

Credicorp Stock Up 0.8 %

Shares of Credicorp stock opened at $180.40 on Tuesday. The company’s fifty day simple moving average is $183.97 and its two-hundred day simple moving average is $182.67. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The company has a market cap of $14.35 billion, a P/E ratio of 9.81, a PEG ratio of 0.58 and a beta of 1.12.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (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%. Research analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current year.

Credicorp 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.