Sumitomo Mitsui Trust Holdings Inc. Decreases Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in Credicorp Ltd. (NYSE:BAP) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,601 shares of the bank’s stock after selling 833 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.23% of Credicorp worth $27,527,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BAP. Alliancebernstein L.P. lifted its stake in Credicorp by 805.5% in the 4th quarter. Alliancebernstein L.P. now owns 524,862 shares of the bank’s stock worth $71,203,000 after purchasing an additional 466,898 shares in the last quarter. WCM Investment Management LLC lifted its stake in Credicorp by 1,723.7% in the 4th quarter. WCM Investment Management LLC now owns 303,705 shares of the bank’s stock worth $45,832,000 after purchasing an additional 287,052 shares in the last quarter. Norges Bank purchased a new position in Credicorp in the 4th quarter worth approximately $35,802,000. Hsbc Holdings PLC lifted its stake in Credicorp by 784.5% in the 3rd quarter. Hsbc Holdings PLC now owns 285,863 shares of the bank’s stock worth $36,618,000 after purchasing an additional 253,544 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Credicorp by 354.1% during the 1st quarter. Invesco Ltd. now owns 320,381 shares of the bank’s stock worth $55,064,000 after buying an additional 249,824 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Up 1.9 %

Shares of NYSE BAP opened at $165.02 on Monday. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $179.53. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.08 and a quick ratio of 1.00. The company has a 50 day simple moving average of $169.53 and a 200-day simple moving average of $148.18. The company has a market capitalization of $13.12 billion, a P/E ratio of 10.55, a P/E/G ratio of 0.56 and a beta of 1.13.

Credicorp (NYSE:BAP) last posted its earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.02). Credicorp had a net margin of 20.17% and a return on equity of 14.68%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.32 billion. On average, equities research analysts predict that Credicorp Ltd. will post 18.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. UBS Group cut their price target on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.73.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.