Mitsubishi UFJ Trust & Banking Corp Boosts Stake in Credicorp Ltd. $BAP

Key Points

• Mitsubishi UFJ Trust & Banking Corp increased its stake in Credicorp by 24.7% in Q4 to 363,084 shares, valued at about $104.3 million (≈0.46% of the company).
• Institutional investors own roughly 89.81% of Credicorp, with large positions and recent activity from firms such as State Street, MIRAE, Cetera and Quantinno.
• Analyst sentiment is generally positive: UBS raised its target to $408 (buy), and the consensus rating is a Moderate Buy with an average target of $315.60.

Mitsubishi UFJ Trust & Banking Corp increased its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 363,084 shares of the bank's stock after purchasing an additional 71,847 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.46% of Credicorp worth $104,265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BAP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Credicorp during the first quarter valued at about $78,000. Cetera Investment Advisers lifted its position in shares of Credicorp by 36.3% during the 2nd quarter. Cetera Investment Advisers now owns 1,786 shares of the bank's stock valued at $399,000 after buying an additional 476 shares in the last quarter. State Street Corp lifted its position in shares of Credicorp by 1.6% during the 2nd quarter. State Street Corp now owns 1,197,536 shares of the bank's stock valued at $267,673,000 after buying an additional 19,361 shares in the last quarter. Nebula Research & Development LLC bought a new position in shares of Credicorp during the 2nd quarter valued at approximately $355,000. Finally, Quantinno Capital Management LP grew its stake in shares of Credicorp by 24.7% during the 2nd quarter. Quantinno Capital Management LP now owns 5,468 shares of the bank's stock valued at $1,222,000 after acquiring an additional 1,083 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BAP has been the topic of a number of recent analyst reports. UBS Group raised their target price on shares of Credicorp from $318.00 to $408.00 and gave the stock a "buy" rating in a research note on Tuesday, April 21st. The Goldman Sachs Group upped their price target on shares of Credicorp from $293.00 to $330.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 17th. Zacks Research cut shares of Credicorp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Credicorp in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $315.60.

Credicorp Stock Performance

NYSE:BAP opened at $320.74 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. Credicorp Ltd. has a 12-month low of $193.13 and a 12-month high of $380.20. The stock has a 50-day moving average price of $337.36 and a 200 day moving average price of $306.06. The stock has a market capitalization of $30.27 billion, a P/E ratio of 13.19, a P/E/G ratio of 0.72 and a beta of 0.93.

Credicorp (NYSE:BAP - Get Free Report) last posted its quarterly earnings results on Sunday, February 1st. The bank reported $5.91 EPS for the quarter. Credicorp had a return on equity of 20.43% and a net margin of 24.53%.The company had revenue of $1.81 billion for the quarter. Equities research analysts forecast that Credicorp Ltd. will post 29.09 EPS for the current fiscal year.

Credicorp Profile

Credicorp Ltd. NYSE: BAP is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp's principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.