Credicorp Ltd. (NYSE:BAP) Holdings Trimmed by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Credicorp Ltd. (NYSE:BAP) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,044 shares of the bank’s stock after selling 17,133 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Credicorp worth $31,539,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Creative Planning lifted its stake in Credicorp by 37.4% in the 2nd quarter. Creative Planning now owns 2,646 shares of the bank’s stock worth $427,000 after acquiring an additional 720 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Credicorp in the 2nd quarter valued at about $210,000. Blue Trust Inc. lifted its position in shares of Credicorp by 40.3% in the third quarter. Blue Trust Inc. now owns 1,901 shares of the bank’s stock worth $344,000 after purchasing an additional 546 shares in the last quarter. Carrhae Capital LLP acquired a new stake in shares of Credicorp during the third quarter worth approximately $27,974,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Credicorp during the third quarter worth approximately $302,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Bank of America lowered Credicorp from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $209.00 to $208.00 in a report on Monday, December 16th.

Credicorp Trading Down 1.3 %

NYSE:BAP opened at $188.52 on Wednesday. The company has a market capitalization of $14.99 billion, a P/E ratio of 10.82, a P/E/G ratio of 0.51 and a beta of 1.12. The stock’s 50 day moving average price is $185.34 and its 200 day moving average price is $181.45. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $200.00.

About Credicorp

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.