State of New Jersey Common Pension Fund D Decreases Stake in Credicorp Ltd. (NYSE:BAP)

State of New Jersey Common Pension Fund D trimmed its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,922 shares of the bank's stock after selling 3,586 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.21% of Credicorp worth $30,783,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in Credicorp during the second quarter worth $210,000. Creative Planning grew its holdings in Credicorp by 52.6% during the third quarter. Creative Planning now owns 4,037 shares of the bank's stock worth $731,000 after buying an additional 1,391 shares in the last quarter. Blue Trust Inc. grew its holdings in Credicorp by 40.3% during the third quarter. Blue Trust Inc. now owns 1,901 shares of the bank's stock worth $344,000 after buying an additional 546 shares in the last quarter. Carrhae Capital LLP bought a new stake in Credicorp during the third quarter worth $27,974,000. Finally, Ballentine Partners LLC bought a new stake in Credicorp during the third quarter worth $302,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BAP shares. Bank of America downgraded Credicorp from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $209.00 to $208.00 in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price target on Credicorp from $200.00 to $219.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th.

Credicorp Stock Performance

NYSE:BAP traded up $0.61 during trading on Thursday, reaching $184.76. The company's stock had a trading volume of 365,937 shares, compared to its average volume of 268,313. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 0.58 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50 day moving average of $184.44 and a 200-day moving average of $182.17. 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 announced its quarterly earnings data 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 net margin of 20.94% and a return on equity of 16.43%. Research analysts expect that Credicorp Ltd. will post 21.9 EPS for the current fiscal 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.