Sumitomo Mitsui Asset Management Company LTD trimmed its stake in Credicorp Ltd. (NYSE:BAP) by 8.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,953 shares of the bank’s stock after selling 1,328 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Credicorp were worth $3,335,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in BAP. UBS Group AG lifted its holdings in shares of Credicorp by 10.6% during the first quarter. UBS Group AG now owns 55,917 shares of the bank’s stock valued at $12,695,000 after purchasing an additional 5,376 shares in the last quarter. Blair William & Co. IL bought a new position in shares of Credicorp during the first quarter valued at $233,000. Jane Street Group LLC lifted its holdings in shares of Credicorp by 81.3% during the first quarter. Jane Street Group LLC now owns 3,434 shares of the bank’s stock valued at $780,000 after purchasing an additional 1,540 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Credicorp by 15.4% during the first quarter. Legal & General Group Plc now owns 403,921 shares of the bank’s stock valued at $91,668,000 after purchasing an additional 53,991 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Credicorp by 24.4% during the first quarter. Principal Financial Group Inc. now owns 567,897 shares of the bank’s stock valued at $128,935,000 after purchasing an additional 111,353 shares in the last quarter. 66.34% of the stock is currently owned by institutional investors and hedge funds.

BAP stock opened at $219.16 on Friday. Credicorp Ltd. has a fifty-two week low of $189.69 and a fifty-two week high of $239.54. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.19 and a quick ratio of 1.19.

Credicorp (NYSE:BAP) last posted its earnings results on Thursday, August 9th. The bank reported $3.76 earnings per share for the quarter, beating analysts’ consensus estimates of $3.74 by $0.02. Credicorp had a return on equity of 19.58% and a net margin of 26.62%. The company had revenue of $955.13 million for the quarter. Sell-side analysts anticipate that Credicorp Ltd. will post 15.77 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on BAP. Zacks Investment Research downgraded Credicorp from a “buy” rating to a “hold” rating in a report on Monday, July 16th. UBS Group raised Credicorp from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $252.00.

Credicorp Company Profile

Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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