Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 723 Shares of Credicorp Ltd. (NYSE:BAP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Credicorp Ltd. (NYSE:BAP) by 16.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,190 shares of the bank’s stock after acquiring an additional 723 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Credicorp were worth $951,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. MassMutual Private Wealth & Trust FSB lifted its stake in Credicorp by 37.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after purchasing an additional 62 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Credicorp during the 3rd quarter worth approximately $58,000. R Squared Ltd bought a new stake in Credicorp in the fourth quarter valued at $172,000. Aprio Wealth Management LLC bought a new stake in Credicorp in the fourth quarter valued at $200,000. Finally, Callan Family Office LLC acquired a new position in Credicorp during the fourth quarter worth $204,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Stock Down 2.9 %

Shares of BAP opened at $191.76 on Thursday. The business’s 50 day simple moving average is $185.41 and its 200-day simple moving average is $185.14. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00. The company has a market capitalization of $15.25 billion, a P/E ratio of 10.43, a PEG ratio of 0.56 and a beta of 1.10. 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 (NYSE:BAP) last posted its quarterly earnings data 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 return on equity of 16.25% and a net margin of 20.94%. As a group, sell-side analysts predict that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and reduced their target price for the company from $209.00 to $208.00 in a research note on Monday, December 16th.

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.