State of New Jersey Common Pension Fund D Has $37.98 Millio…

State of New Jersey Common Pension Fund D increased its stake in Credicorp Ltd. (NYSE:BAP – Free Report) by 4.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 257,264 shares of the bank’s stock after purchasing an additional 11,250 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Credicorp were worth $37,982,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Credicorp by 14.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 197,100 shares of the bank’s stock valued at $26,094,000 after buying an additional 25,000 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Credicorp by 0.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 236,113 shares of the bank’s stock valued at $31,259,000 after purchasing an additional 712 shares during the last quarter. INCA Investments LLC lifted its holdings in Credicorp by 6.4% during the 1st quarter. INCA Investments LLC now owns 316,950 shares of the bank’s stock valued at $41,961,000 after purchasing an additional 19,070 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Credicorp by 23.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 93,165 shares of the bank’s stock valued at $12,334,000 after purchasing an additional 17,570 shares during the last quarter. Finally, Banco BTG Pactual S.A. acquired a new stake in Credicorp during the 1st quarter valued at $2,211,000. Institutional investors and hedge funds own 70.05% of the company’s stock.

Credicorp Stock Down 1.6 %

BAP opened at $123.89 on Friday. Credicorp Ltd. has a fifty-two week low of $120.80 and a fifty-two week high of $160.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $9.85 billion, a P/E ratio of 8.06, a P/E/G ratio of 0.52 and a beta of 1.00. The stock has a fifty day moving average of $134.13 and a 200-day moving average of $139.73.

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Credicorp (NYSE:BAP – Get Free Report) last posted its earnings results on Monday, August 14th. The bank reported $3.88 earnings per share for the quarter, missing analysts’ consensus estimates of $4.38 by ($0.50). Credicorp had a return on equity of 15.90% and a net margin of 23.35%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.26 billion. On average, equities analysts expect that Credicorp Ltd. will post 17.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BAP. Scotiabank raised Credicorp from a “sector perform” rating to a “sector outperform” rating in a report on Friday, July 7th. StockNews.com began coverage on Credicorp in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Jefferies Financial Group began coverage on Credicorp in a report on Monday, October 16th. They set a “buy” rating and a $161.20 price target for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $153.07.

View Our Latest Research Report on BAP

Credicorp Profile

(Free Report)

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.

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Want to see what other hedge funds are holding BAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credicorp Ltd. (NYSE:BAP – Free Report).

Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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