Mitsubishi UFJ Trust & Banking Corp Boosts Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Mitsubishi UFJ Trust & Banking Corp boosted its position in Credicorp Ltd. (NYSE:BAP) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 262,320 shares of the bank’s stock after buying an additional 1,658 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.33% of Credicorp worth $48,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in BAP. FMR LLC raised its stake in Credicorp by 6.1% in the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after acquiring an additional 199,137 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Credicorp by 782.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock valued at $240,138,000 after purchasing an additional 1,176,612 shares during the period. State Street Corp lifted its stake in shares of Credicorp by 2.0% during the 3rd quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock valued at $207,235,000 after buying an additional 21,943 shares in the last quarter. Ninety One UK Ltd boosted its holdings in Credicorp by 4.7% in the 4th quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank’s stock worth $199,697,000 after buying an additional 49,031 shares during the period. Finally, Pzena Investment Management LLC grew its stake in Credicorp by 5.2% in the 4th quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank’s stock valued at $198,092,000 after buying an additional 53,746 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Credicorp Price Performance

BAP stock opened at $197.24 on Wednesday. The firm has a 50 day moving average of $185.38 and a 200-day moving average of $185.10. The firm has a market capitalization of $15.69 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $200.00. 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 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%. As a group, sell-side analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

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.