Credicorp Ltd. (NYSE:BAP) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 33.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,137 shares of the bank's stock after selling 12,408 shares during the period. Teacher Retirement System of Texas' holdings in Credicorp were worth $4,608,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BAP. FMR LLC grew its stake in Credicorp by 6.1% in the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank's stock valued at $623,735,000 after acquiring an additional 199,137 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Credicorp by 782.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank's stock valued at $240,138,000 after acquiring an additional 1,176,612 shares during the last quarter. State Street Corp grew its holdings in shares of Credicorp by 2.0% during the third quarter. State Street Corp now owns 1,123,023 shares of the bank's stock worth $207,235,000 after buying an additional 21,943 shares in the last quarter. Ninety One UK Ltd grew its stake in Credicorp by 4.7% in the 4th quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank's stock worth $199,697,000 after acquiring an additional 49,031 shares during the period. Finally, Pzena Investment Management LLC raised its holdings in Credicorp by 5.2% in the 4th quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank's stock valued at $198,092,000 after acquiring an additional 53,746 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, Bank of America downgraded Credicorp from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $209.00 to $208.00 in a research report on Monday, December 16th.

Credicorp Trading Down 1.3 %

Credicorp stock traded down $2.46 during trading on Friday, reaching $188.17. The company had a trading volume of 244,673 shares, compared to its average volume of 250,419. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. The stock's 50 day moving average price is $185.49 and its two-hundred day moving average price is $185.18. The firm has a market capitalization of $14.97 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.56 and a beta of 1.10.

Credicorp (NYSE:BAP - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing analysts' consensus estimates of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. As a group, equities analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Credicorp Company 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.