Teacher Retirement System of Texas Has $4.61 Million Stake in Credicorp Ltd. (NYSE:BAP)

Teacher Retirement System of Texas reduced its stake in shares of Credicorp Ltd. (NYSE:BAP) by 33.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 25,137 shares of the bank’s stock after selling 12,408 shares during the quarter. Teacher Retirement System of Texas’ holdings in Credicorp were worth $4,608,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its position in Credicorp by 37.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank’s stock worth $41,000 after buying an additional 62 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Credicorp by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank’s stock worth $283,000 after acquiring an additional 62 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Credicorp by 4.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,555 shares of the bank’s stock valued at $285,000 after purchasing an additional 63 shares during the last quarter. Wasatch Advisors LP grew its stake in Credicorp by 0.7% in the third quarter. Wasatch Advisors LP now owns 8,886 shares of the bank’s stock valued at $1,608,000 after purchasing an additional 65 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in Credicorp by 4.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,628 shares of the bank’s stock worth $298,000 after purchasing an additional 67 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Bank of America cut Credicorp from a “buy” rating to a “neutral” rating and lowered their price target for the company from $209.00 to $208.00 in a research note on Monday, December 16th.

Credicorp Stock Down 0.6 %

Credicorp stock opened at $192.38 on Tuesday. The company has a market capitalization of $15.30 billion, a P/E ratio of 10.46, a P/E/G ratio of 0.56 and a beta of 1.10. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $200.00. The firm’s fifty day simple moving average is $185.19 and its 200-day simple moving average is $184.91. 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 announced its quarterly earnings results on Monday, February 10th. The bank reported $3.76 earnings per share for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. Sell-side analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

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.