Mitsubishi UFJ Trust & Banking Corp Trims Position in Credicorp Ltd. (BAP)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Credicorp Ltd. (NYSE:BAP) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 113,411 shares of the bank’s stock after selling 1,033 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.14% of Credicorp worth $23,252,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BAP. Advisor Group Inc. lifted its stake in Credicorp by 143.0% during the second quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock worth $130,000 after purchasing an additional 426 shares during the period. Blair William & Co. IL bought a new position in Credicorp during the second quarter worth about $239,000. Quantitative Systematic Strategies LLC bought a new position in Credicorp during the third quarter worth about $251,000. First Mercantile Trust Co. lifted its stake in Credicorp by 54.1% during the second quarter. First Mercantile Trust Co. now owns 1,425 shares of the bank’s stock worth $256,000 after purchasing an additional 500 shares during the period. Finally, High Pointe Capital Management LLC bought a new position in Credicorp during the third quarter worth about $268,000. Institutional investors and hedge funds own 66.16% of the company’s stock.

A number of research analysts have commented on BAP shares. Zacks Investment Research cut shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. cut shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. cut shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Citigroup cut shares of Credicorp from a “buy” rating to a “neutral” rating in a research note on Friday, September 29th. Finally, Goldman Sachs Group restated a “buy” rating and set a $248.00 price target on shares of Credicorp in a research note on Monday, September 11th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $224.25.

Shares of Credicorp Ltd. (NYSE BAP) opened at $205.30 on Thursday. The firm has a market cap of $16,475.85, a P/E ratio of 15.07, a PEG ratio of 1.19 and a beta of 0.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.22 and a current ratio of 1.22. Credicorp Ltd. has a fifty-two week low of $150.71 and a fifty-two week high of $215.69.

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Credicorp Company Profile

Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.

Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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