California Public Employees Retirement System Sells 5,608 Shares of Credicorp Ltd. (NYSE:BAP)

California Public Employees Retirement System lessened its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 126,834 shares of the bank's stock after selling 5,608 shares during the period. California Public Employees Retirement System owned 0.16% of Credicorp worth $19,016,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. WCM Investment Management LLC boosted its holdings in Credicorp by 1,723.7% in the fourth quarter. WCM Investment Management LLC now owns 303,705 shares of the bank's stock valued at $45,832,000 after acquiring an additional 287,052 shares in the last quarter. Hsbc Holdings PLC raised its stake in Credicorp by 784.5% in the third quarter. Hsbc Holdings PLC now owns 285,863 shares of the bank's stock worth $36,618,000 after buying an additional 253,544 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Credicorp in the third quarter worth about $28,384,000. Bank of New York Mellon Corp boosted its position in Credicorp by 18.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,197,427 shares of the bank's stock valued at $153,235,000 after acquiring an additional 187,285 shares in the last quarter. Finally, Bank of Nova Scotia grew its holdings in shares of Credicorp by 20.7% during the 3rd quarter. Bank of Nova Scotia now owns 898,843 shares of the bank's stock worth $115,025,000 after acquiring an additional 154,364 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Credicorp Stock Down 1.4 %

NYSE:BAP traded down $2.30 during trading hours on Tuesday, reaching $165.70. 291,209 shares of the company traded hands, compared to its average volume of 238,214. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $179.53. The stock has a market capitalization of $13.18 billion, a P/E ratio of 10.59, a P/E/G ratio of 0.57 and a beta of 1.13. The business's 50-day moving average price is $169.88 and its two-hundred day moving average price is $150.22. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.44.

Credicorp (NYSE:BAP - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.82 by ($0.02). Credicorp had a return on equity of 14.68% and a net margin of 20.17%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. Analysts predict that Credicorp Ltd. will post 18.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on BAP. UBS Group lowered their target price on Credicorp from $192.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, February 5th. JPMorgan Chase & Co. upped their target price on shares of Credicorp from $190.00 to $194.00 and gave the stock an "overweight" rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $181.73.

About Credicorp

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.