New York State Common Retirement Fund Buys 16,388 Shares of Credicorp Ltd. (NYSE:BAP)

New York State Common Retirement Fund lifted its stake in shares of Credicorp Ltd. (NYSE:BAP) by 37.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,689 shares of the bank’s stock after purchasing an additional 16,388 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Credicorp worth $10,942,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its holdings in Credicorp by 37.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after buying an additional 62 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Credicorp during the third quarter valued at approximately $58,000. R Squared Ltd bought a new stake in Credicorp during the 4th quarter worth approximately $172,000. Aprio Wealth Management LLC purchased a new stake in Credicorp in the 4th quarter worth approximately $200,000. Finally, Park Avenue Securities LLC purchased a new stake in Credicorp in the 4th quarter worth approximately $238,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BAP shares. 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. JPMorgan Chase & Co. raised their price target on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th.

Credicorp Price Performance

BAP stock opened at $180.40 on Tuesday. The firm has a 50 day simple moving average of $183.97 and a two-hundred day simple moving average of $182.67. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. The stock has a market cap of $14.35 billion, a PE ratio of 9.81, a P/E/G ratio of 0.58 and a beta of 1.12. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00.

Credicorp (NYSE:BAP) last released its earnings results on Monday, February 10th. The bank reported $3.76 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 16.25%. On average, analysts predict that Credicorp Ltd. will post 21.9 EPS 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.