Credicorp Ltd. (NYSE:BAP) Stake Lessened by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in shares of Credicorp Ltd. (NYSE:BAP) by 33.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,137 shares of the bank’s stock after selling 12,408 shares during the period. Teacher Retirement System of Texas’ holdings in Credicorp were worth $4,608,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Credicorp by 37.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock valued at $41,000 after buying an additional 62 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Credicorp in the 3rd quarter valued at about $58,000. R Squared Ltd bought a new position in shares of Credicorp during the 4th quarter valued at about $172,000. Aprio Wealth Management LLC acquired a new position in shares of Credicorp in the 4th quarter worth approximately $200,000. Finally, Callan Family Office LLC bought a new stake in shares of Credicorp in the 4th quarter worth approximately $204,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Price Performance

BAP stock opened at $192.38 on Tuesday. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00. The firm has a 50-day moving average of $185.19 and a two-hundred day moving average of $184.91. The firm has a market capitalization of $15.30 billion, a PE ratio of 10.46, a P/E/G ratio of 0.56 and a beta of 1.10. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Monday, February 10th. The bank reported $3.76 EPS for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a net margin of 20.94% and a return on equity of 16.25%. On average, analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Credicorp Company 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.