California Public Employees Retirement System Acquires 4,632 Shares of Credicorp Ltd. $BAP

California Public Employees Retirement System boosted its holdings in Credicorp Ltd. (NYSE:BAP) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,001 shares of the bank’s stock after purchasing an additional 4,632 shares during the period. California Public Employees Retirement System owned about 0.17% of Credicorp worth $29,728,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BAP. Qtron Investments LLC raised its stake in shares of Credicorp by 39.2% during the 2nd quarter. Qtron Investments LLC now owns 5,014 shares of the bank’s stock worth $1,121,000 after purchasing an additional 1,411 shares during the period. Amundi increased its holdings in Credicorp by 4.7% during the second quarter. Amundi now owns 391,074 shares of the bank’s stock worth $88,434,000 after buying an additional 17,444 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Credicorp by 67.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 528,259 shares of the bank’s stock worth $118,076,000 after acquiring an additional 213,651 shares during the period. Panagora Asset Management Inc. boosted its stake in Credicorp by 42.5% in the second quarter. Panagora Asset Management Inc. now owns 98,778 shares of the bank’s stock valued at $22,079,000 after acquiring an additional 29,461 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in shares of Credicorp by 7.9% during the 2nd quarter. New York State Common Retirement Fund now owns 64,419 shares of the bank’s stock valued at $14,399,000 after acquiring an additional 4,730 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Performance

NYSE:BAP opened at $276.86 on Thursday. The business’s fifty day moving average is $258.83 and its 200 day moving average is $245.64. The firm has a market cap of $22.02 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 0.70 and a beta of 0.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.07 and a current ratio of 1.07. Credicorp Ltd. has a 52-week low of $165.51 and a 52-week high of $280.88.

Credicorp (NYSE:BAP) last posted its earnings results on Thursday, November 13th. The bank reported $6.17 earnings per share for the quarter, beating analysts’ consensus estimates of $6.05 by $0.12. Credicorp had a return on equity of 19.50% and a net margin of 23.59%.The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.71 billion. Research analysts predict that Credicorp Ltd. will post 21.9 EPS for the current year.

Analysts Set New Price Targets

BAP has been the topic of a number of research reports. Zacks Research raised shares of Credicorp from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Hsbc Global Res upgraded Credicorp to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Credicorp in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Finally, HSBC downgraded shares of Credicorp from a “buy” rating to a “hold” rating and upped their price objective for the company from $225.00 to $255.00 in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $265.17.

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.