Employees Retirement System of Texas Lowers Position in Credicorp Ltd. (NYSE:BAP)

Employees Retirement System of Texas decreased its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 46.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,706 shares of the bank's stock after selling 10,204 shares during the period. Employees Retirement System of Texas' holdings in Credicorp were worth $2,146,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of Credicorp by 5.7% in the 4th quarter. FMR LLC now owns 3,642,818 shares of the bank's stock valued at $667,801,000 after purchasing an additional 196,197 shares in the last quarter. State Street Corp raised its stake in 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 acquiring an additional 21,943 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of Credicorp by 4.7% in the 4th quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank's stock valued at $199,697,000 after purchasing an additional 49,031 shares in the last quarter. Pzena Investment Management LLC increased its position in Credicorp by 5.2% during the 4th quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank's stock worth $198,092,000 after purchasing an additional 53,746 shares in the last quarter. Finally, ARGA Investment Management LP boosted its position in Credicorp by 0.9% in the fourth quarter. ARGA Investment Management LP now owns 794,587 shares of the bank's stock valued at $145,664,000 after buying an additional 6,864 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Credicorp Trading Up 3.4 %

NYSE BAP traded up $5.91 on Friday, hitting $177.98. The company's stock had a trading volume of 258,249 shares, compared to its average volume of 256,337. The company's 50-day moving average is $184.88 and its 200 day moving average is $185.62. The firm has a market cap of $14.16 billion, a PE ratio of 9.68, a PEG ratio of 0.56 and a beta of 0.99. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $200.00. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68.

Credicorp (NYSE:BAP - Get Free Report) last posted its quarterly earnings data 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, analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.