State of New Jersey Common Pension Fund D Trims Holdings in Credicorp Ltd. (NYSE:BAP)

State of New Jersey Common Pension Fund D lessened its stake in Credicorp Ltd. (NYSE:BAP) by 7.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 234,071 shares of the bank’s stock after selling 19,667 shares during the period. State of New Jersey Common Pension Fund D owned about 0.29% of Credicorp worth $35,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in Credicorp by 69.2% during the 4th quarter. CWM LLC now owns 225 shares of the bank’s stock worth $34,000 after buying an additional 92 shares in the last quarter. Signaturefd LLC raised its stake in shares of Credicorp by 24.3% in the fourth quarter. Signaturefd LLC now owns 746 shares of the bank’s stock valued at $112,000 after acquiring an additional 146 shares in the last quarter. Quantbot Technologies LP purchased a new position in Credicorp in the third quarter valued at $136,000. Janiczek Wealth Management LLC grew its stake in Credicorp by 25.2% during the 4th quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock worth $146,000 after purchasing an additional 196 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Credicorp by 7.7% during the 4th quarter. Blue Trust Inc. now owns 1,396 shares of the bank’s stock worth $209,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of BAP stock traded down $0.69 on Friday, hitting $167.06. 388,312 shares of the stock traded hands, compared to its average volume of 238,342. The company’s fifty day moving average is $170.01 and its 200 day moving average is $149.04. Credicorp Ltd. has a 1-year low of $116.42 and a 1-year high of $179.53. The company has a market capitalization of $13.29 billion, a PE ratio of 10.73, a PEG ratio of 0.57 and a beta of 1.13. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.08 and a quick ratio of 1.00.

Credicorp (NYSE:BAP) last issued its earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. On average, equities research analysts predict that Credicorp Ltd. will post 18.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on BAP. UBS Group dropped their price target on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. JPMorgan Chase & Co. boosted their price target on Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.73.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.