Police & Firemen s Retirement System of New Jersey Has $3.81 Million Stock Holdings in Credicorp Ltd. $BAP

Police & Firemen s Retirement System of New Jersey trimmed its position in Credicorp Ltd. (NYSE:BAP) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,058 shares of the bank’s stock after selling 567 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Credicorp were worth $3,813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BAP. Nuveen LLC acquired a new position in Credicorp during the first quarter worth approximately $77,577,000. Millennium Management LLC lifted its position in shares of Credicorp by 853.1% in the first quarter. Millennium Management LLC now owns 319,076 shares of the bank’s stock valued at $59,399,000 after buying an additional 285,597 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Credicorp by 654.5% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232,547 shares of the bank’s stock worth $51,979,000 after acquiring an additional 201,724 shares during the period. Bank of Nova Scotia increased its holdings in shares of Credicorp by 21.8% during the 1st quarter. Bank of Nova Scotia now owns 867,347 shares of the bank’s stock worth $161,465,000 after acquiring an additional 155,162 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Credicorp by 46.6% during the 2nd quarter. Acadian Asset Management LLC now owns 464,098 shares of the bank’s stock worth $103,698,000 after acquiring an additional 147,573 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Up 1.2%

BAP opened at $255.13 on Monday. The stock has a fifty day moving average of $260.94 and a 200-day moving average of $238.66. The company has a market capitalization of $20.29 billion, a P/E ratio of 12.09, a P/E/G ratio of 0.71 and a beta of 1.09. Credicorp Ltd. has a fifty-two week low of $165.51 and a fifty-two week high of $280.88. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.08.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, November 13th. The bank reported $6.17 EPS for the quarter, topping analysts’ consensus estimates of $6.05 by $0.12. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.71 billion. On average, equities analysts expect that Credicorp Ltd. will post 21.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Zacks Research raised Credicorp from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Hsbc Global Res raised shares of Credicorp to a “hold” rating in a research report on Friday, September 5th. The Goldman Sachs Group upgraded shares of Credicorp from a “sell” rating to a “neutral” rating and raised their target price for the stock from $174.00 to $225.00 in a research note on Thursday, July 24th. UBS Group lifted their target price on shares of Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Credicorp in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $256.20.

Credicorp 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.