Credicorp Ltd. (BAP) Holdings Reduced by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,445 shares of the bank’s stock after selling 5,872 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Credicorp were worth $26,646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BAP. Cornerstone Wealth Management LLC bought a new position in Credicorp during the 2nd quarter valued at approximately $157,000. Blair William & Co. IL bought a new position in Credicorp during the 1st quarter valued at approximately $233,000. Atria Investments LLC bought a new position in shares of Credicorp in the 3rd quarter worth approximately $272,000. Victory Capital Management Inc. bought a new position in shares of Credicorp in the 2nd quarter worth approximately $279,000. Finally, Confluence Investment Management LLC bought a new position in shares of Credicorp in the 2nd quarter worth approximately $351,000. 66.34% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the company. Zacks Investment Research lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. UBS Group raised Credicorp from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $252.00.

Shares of NYSE:BAP opened at $220.02 on Friday. Credicorp Ltd. has a 52-week low of $189.69 and a 52-week high of $239.54. The company has a market capitalization of $17.84 billion, a PE ratio of 13.98, a PEG ratio of 1.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.19 and a quick ratio of 1.19.

Credicorp (NYSE:BAP) last announced its earnings results on Thursday, August 9th. The bank reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.02. Credicorp had a return on equity of 19.58% and a net margin of 26.62%. The firm had revenue of $955.13 million during the quarter. Equities research analysts forecast that Credicorp Ltd. will post 15.77 EPS for the current year.

Credicorp Profile

Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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