Mitsubishi UFJ Asset Management Co. Ltd. Has $18.88 Million Holdings in Credicorp Ltd. $BAP

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Credicorp Ltd. (NYSE:BAP) by 9.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 70,885 shares of the bank’s stock after acquiring an additional 6,081 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Credicorp were worth $18,875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. MAI Capital Management increased its holdings in shares of Credicorp by 5,300.0% during the second quarter. MAI Capital Management now owns 162 shares of the bank’s stock worth $36,000 after purchasing an additional 159 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Credicorp in the second quarter valued at approximately $38,000. Spire Wealth Management acquired a new stake in Credicorp during the third quarter worth approximately $42,000. Smartleaf Asset Management LLC increased its stake in Credicorp by 37.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock worth $55,000 after acquiring an additional 66 shares during the period. Finally, First Horizon Corp bought a new position in Credicorp during the 3rd quarter worth $59,000. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BAP. The Goldman Sachs Group increased their target price on Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Wall Street Zen cut shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. JPMorgan Chase & Co. increased their price objective on shares of Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Weiss Ratings restated a “buy (b)” rating on shares of Credicorp in a research report on Monday, December 29th. Finally, Zacks Research downgraded shares of Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $297.60.

Credicorp Stock Performance

Credicorp stock opened at $347.17 on Monday. Credicorp Ltd. has a 12-month low of $165.51 and a 12-month high of $380.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $327.96 and its two-hundred day moving average price is $284.64. The stock has a market cap of $27.61 billion, a PE ratio of 14.28, a P/E/G ratio of 0.79 and a beta of 0.88.

Credicorp (NYSE:BAP) last posted its earnings results on Tuesday, February 17th. The bank reported $5.88 EPS for the quarter, missing analysts’ consensus estimates of $6.61 by ($0.73). Credicorp had a return on equity of 21.54% and a net margin of 24.53%.The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.77 billion. As a group, analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Credicorp Company Profile

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.