California Public Employees Retirement System Decreases Stock Position in Credicorp Ltd. (NYSE:BAP)

California Public Employees Retirement System trimmed its position in shares of Credicorp Ltd. (NYSE:BAP) by 4.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 130,638 shares of the bank’s stock after selling 5,817 shares during the quarter. California Public Employees Retirement System’s holdings in Credicorp were worth $23,949,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BAP. Nomura Asset Management Co. Ltd. boosted its stake in shares of Credicorp by 11.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 8,970 shares of the bank’s stock worth $1,644,000 after purchasing an additional 910 shares during the period. Boussard & Gavaudan Investment Management LLP purchased a new position in shares of Credicorp during the fourth quarter valued at approximately $8,671,000. Norges Bank bought a new position in shares of Credicorp during the fourth quarter valued at approximately $84,213,000. BIT Capital GmbH raised its holdings in shares of Credicorp by 49.6% in the fourth quarter. BIT Capital GmbH now owns 8,705 shares of the bank’s stock worth $1,596,000 after buying an additional 2,887 shares during the period. Finally, Banco BTG Pactual S.A. lifted its stake in shares of Credicorp by 1.0% during the 4th quarter. Banco BTG Pactual S.A. now owns 8,134 shares of the bank’s stock worth $1,497,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of NYSE:BAP opened at $189.22 on Friday. The firm’s 50 day simple moving average is $186.25 and its 200-day simple moving average is $185.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00. The firm has a market cap of $15.05 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99.

Credicorp (NYSE:BAP) last issued its earnings results 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, equities analysts predict that Credicorp Ltd. will post 21.9 EPS for the current year.

Analyst Ratings Changes

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 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.