Mitsubishi UFJ Asset Management Co. Ltd. Acquires 5,791 Shares of Credicorp Ltd. $BAP

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Credicorp Ltd. (NYSE:BAP) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,676 shares of the bank’s stock after acquiring an additional 5,791 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Credicorp were worth $21,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. SBI Securities Co. Ltd. increased its stake in shares of Credicorp by 14,950.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,806 shares of the bank’s stock worth $518,000 after acquiring an additional 1,794 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Credicorp by 98.9% in the 4th quarter. Principal Financial Group Inc. now owns 579,231 shares of the bank’s stock worth $166,239,000 after acquiring an additional 288,056 shares in the last quarter. Artemis Investment Management LLP increased its stake in Credicorp by 5.1% during the 4th quarter. Artemis Investment Management LLP now owns 221,793 shares of the bank’s stock valued at $63,655,000 after purchasing an additional 10,700 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in Credicorp during the fourth quarter valued at approximately $89,754,000. Finally, Danske Bank A S grew its position in Credicorp by 0.8% during the fourth quarter. Danske Bank A S now owns 30,991 shares of the bank’s stock valued at $8,894,000 after buying an additional 240 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on BAP. The Goldman Sachs Group boosted their target price on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Zacks Research lowered shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, UBS Group boosted their target price on shares of Credicorp from $318.00 to $408.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $315.60.

Credicorp Stock Performance

Shares of NYSE BAP opened at $330.60 on Friday. The firm has a 50 day moving average of $334.47 and a 200 day moving average of $308.91. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $31.20 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 0.74 and a beta of 0.87. Credicorp Ltd. has a 12-month low of $193.13 and a 12-month high of $380.20.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. The business had revenue of $1.81 billion during the quarter. Credicorp had a net margin of 24.53% and a return on equity of 20.43%. On average, research analysts anticipate that Credicorp Ltd. will post 29.09 earnings per share for the current year.

About Credicorp

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.