New York State Common Retirement Fund Increases Stock Position in Credicorp Ltd. (NYSE:BAP)

New York State Common Retirement Fund lifted its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 37.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,689 shares of the bank's stock after acquiring an additional 16,388 shares during the period. New York State Common Retirement Fund owned approximately 0.08% of Credicorp worth $10,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BAP. Nordea Investment Management AB increased its stake in shares of Credicorp by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 24,008 shares of the bank's stock valued at $4,362,000 after buying an additional 3,753 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Credicorp during the 4th quarter valued at about $9,349,000. CWA Asset Management Group LLC acquired a new stake in shares of Credicorp during the 3rd quarter worth approximately $1,737,000. Park Avenue Securities LLC acquired a new position in shares of Credicorp during the fourth quarter valued at about $238,000. Finally, FMR LLC raised its stake in Credicorp by 6.1% during the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank's stock worth $623,735,000 after buying an additional 199,137 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Credicorp Trading Up 0.6 %

NYSE BAP traded up $1.03 during trading on Friday, hitting $182.72. 436,189 shares of the company's stock traded hands, compared to its average volume of 239,900. The firm has a market cap of $14.53 billion, a P/E ratio of 9.94, a PEG ratio of 0.56 and a beta of 1.12. The stock has a fifty day moving average of $184.00 and a two-hundred day moving average of $182.78. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BAP shares. JPMorgan Chase & Co. raised their price target on shares of Credicorp from $200.00 to $219.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. Bank of America downgraded Credicorp from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $209.00 to $208.00 in a research report on Monday, December 16th.

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.