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

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Credicorp Ltd. (NYSE:BAP) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 262,320 shares of the bank’s stock after purchasing an additional 1,658 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Credicorp were worth $48,129,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 acquiring an additional 62 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Credicorp during the third quarter valued at about $58,000. R Squared Ltd bought a new position in shares of Credicorp during the fourth quarter valued at about $172,000. Aprio Wealth Management LLC purchased a new position in shares of Credicorp in the fourth quarter worth about $200,000. Finally, Callan Family Office LLC bought a new stake in shares of Credicorp in the 4th quarter valued at about $204,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of NYSE:BAP opened at $197.24 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The company has a market cap of $15.69 billion, a price-to-earnings 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 50-day moving average price of $185.38 and a 200-day moving average price of $185.10.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Monday, February 10th. The bank reported $3.76 EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current year.

Wall Street Analyst Weigh In

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

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.