Sumitomo Mitsui DS Asset Management Company Ltd Buys 165 Shares of Credicorp Ltd. (NYSE:BAP)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Credicorp Ltd. (NYSE:BAP) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,910 shares of the bank’s stock after purchasing an additional 165 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Credicorp were worth $533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Deltec Asset Management LLC lifted its position in Credicorp by 64.3% during the fourth quarter. Deltec Asset Management LLC now owns 2,300 shares of the bank’s stock valued at $422,000 after purchasing an additional 900 shares during the period. Yousif Capital Management LLC lifted its position in Credicorp by 4.0% during the fourth quarter. Yousif Capital Management LLC now owns 3,489 shares of the bank’s stock valued at $640,000 after purchasing an additional 135 shares during the period. ARGA Investment Management LP lifted its position in Credicorp by 0.9% during the fourth quarter. ARGA Investment Management LP now owns 794,587 shares of the bank’s stock valued at $145,664,000 after purchasing an additional 6,864 shares during the period. Ninety One UK Ltd raised its position in Credicorp by 4.7% in the fourth quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank’s stock worth $199,697,000 after acquiring an additional 49,031 shares during the period. Finally, Ninety One North America Inc. raised its position in Credicorp by 0.8% in the fourth quarter. Ninety One North America Inc. now owns 218,943 shares of the bank’s stock worth $40,137,000 after acquiring an additional 1,658 shares during the period. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of NYSE BAP opened at $184.73 on Thursday. The firm has a fifty day moving average price of $185.27 and a 200-day moving average price of $181.58. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $14.69 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.51 and a beta of 1.12. Credicorp Ltd. has a 1 year low of $153.27 and a 1 year high of $200.00.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Monday, February 10th. The bank reported $3.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.42 by ($0.66). Credicorp had a return on equity of 15.59% and a net margin of 20.11%. Equities analysts anticipate that Credicorp Ltd. will post 18.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Bank of America downgraded shares of Credicorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $209.00 to $208.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. increased their price target 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.

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.