Sumitomo Mitsui Trust Group Inc. Has $48.85 Million Position in Credicorp Ltd. $BAP

Key Points

• Sumitomo Mitsui Trust Group reduced its stake in Credicorp by 3.1% in Q4 and now holds 170,202 shares worth $48.85 million, roughly 0.21% of the company.
• Institutional investors and hedge funds own 89.81% of Credicorp, with several firms initiating small new positions in recent quarters.
• Shares were reported down 11.4% (opened at $316.70); Credicorp posted quarterly EPS of $5.91 with strong margins and ROE, and analysts are mixed—consensus rating "Moderate Buy" with a consensus price target of $297.60 while Goldman Sachs raised its target to $330 (neutral).

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 170,202 shares of the bank's stock after selling 5,522 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Credicorp worth $48,848,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in Credicorp in the third quarter worth $35,000. Spire Wealth Management acquired a new position in Credicorp in the third quarter worth $42,000. Raymond James Financial Inc. acquired a new position in Credicorp in the second quarter worth $38,000. Quarry LP acquired a new position in Credicorp in the third quarter worth $46,000. Finally, First Horizon Corp acquired a new position in Credicorp in the third quarter worth $59,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Wall Street Analyst Weigh In

BAP has been the topic of a number of recent analyst reports. Zacks Research lowered Credicorp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Weiss Ratings reissued a "buy (b)" rating on shares of Credicorp in a research note on Monday, December 29th. Wall Street Zen lowered Credicorp from a "buy" rating to a "hold" rating in a research note on Saturday, December 20th. Finally, The Goldman Sachs Group upped their price target on Credicorp from $293.00 to $330.00 and gave the company a "neutral" rating in a research note on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $297.60.

Credicorp Trading Down 11.4%

Shares of BAP opened at $316.70 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. Credicorp Ltd. has a 12-month low of $183.25 and a 12-month high of $380.20. The firm has a market capitalization of $25.19 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 0.80 and a beta of 0.93. The stock's fifty day simple moving average is $339.65 and its 200-day simple moving average is $302.04.

Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. Credicorp had a return on equity of 20.43% and a net margin of 24.53%.The business had revenue of $1.81 billion for the quarter. As a group, research analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Credicorp Company 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.

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