Sumitomo Mitsui Trust Group Inc. Reduces Holdings in Credicorp Ltd. (NYSE:BAP)

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 172,044 shares of the bank's stock after selling 17,133 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of Credicorp worth $31,539,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BAP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Credicorp by 782.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank's stock worth $240,138,000 after acquiring an additional 1,176,612 shares during the period. Public Employees Retirement System of Ohio bought a new position in Credicorp in the 3rd quarter valued at approximately $42,794,000. FMR LLC lifted its position 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 in the last quarter. Carrhae Capital LLP bought a new position in shares of Credicorp during the 3rd quarter valued at $27,974,000. Finally, TT International Asset Management LTD bought a new position in shares of Credicorp during the 3rd quarter valued at $25,081,000. Institutional investors own 89.81% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on BAP. Bank of America lowered Credicorp from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $209.00 to $208.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. raised their price objective on Credicorp from $200.00 to $219.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th.

Credicorp Stock Performance

Shares of BAP traded up $2.04 during trading hours on Friday, reaching $185.81. 234,111 shares of the company traded hands, compared to its average volume of 262,825. The stock has a market capitalization of $14.78 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.51 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $200.00. The business has a fifty day moving average price of $184.88 and a 200-day moving average price of $181.72.

Credicorp (NYSE:BAP - Get Free Report) last posted its earnings results on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.42 by ($0.66). Credicorp had a net margin of 20.11% and a return on equity of 15.59%. Equities analysts anticipate that Credicorp Ltd. will post 18.99 EPS 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.