Mitsubishi UFJ Trust & Banking Corp Has $51.98 Million Stock Position in Credicorp Ltd. $BAP

Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 654.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 232,547 shares of the bank’s stock after buying an additional 201,724 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.29% of Credicorp worth $51,979,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Compass Group LLC increased its position in Credicorp by 8.0% during the second quarter. Compass Group LLC now owns 38,143 shares of the bank’s stock worth $8,526,000 after acquiring an additional 2,820 shares during the period. Boston Partners bought a new position in shares of Credicorp during the 2nd quarter worth about $2,268,000. Future Fund LLC acquired a new position in shares of Credicorp during the second quarter valued at about $506,000. Acadian Asset Management LLC lifted its stake in shares of Credicorp by 46.6% in the second quarter. Acadian Asset Management LLC now owns 464,098 shares of the bank’s stock valued at $103,698,000 after buying an additional 147,573 shares during the period. Finally, Aviva PLC grew its position in Credicorp by 2.4% during the second quarter. Aviva PLC now owns 51,500 shares of the bank’s stock worth $11,511,000 after buying an additional 1,198 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BAP has been the subject of a number of recent research reports. UBS Group upped their target price on Credicorp from $257.00 to $318.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Hsbc Global Res raised shares of Credicorp to a “hold” rating in a research note on Friday, September 5th. Wall Street Zen upgraded shares of Credicorp from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. HSBC lowered Credicorp from a “buy” rating to a “hold” rating and upped their price objective for the company from $225.00 to $255.00 in a research note on Friday, September 5th. Finally, The Goldman Sachs Group raised Credicorp from a “sell” rating to a “neutral” rating and increased their target price for the stock from $174.00 to $225.00 in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $256.20.

Credicorp Trading Up 1.6%

BAP opened at $262.33 on Thursday. Credicorp Ltd. has a 1-year low of $165.51 and a 1-year high of $280.88. The stock has a market capitalization of $20.86 billion, a PE ratio of 12.43, a PEG ratio of 0.71 and a beta of 1.09. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $261.21 and a two-hundred day moving average price of $237.65.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share for the quarter, beating analysts’ consensus estimates of $5.73 by $0.51. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.52 billion. As a group, equities analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share 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.