Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Raises Stock Position in Credicorp Ltd. (NYSE:BAP)

Posted by Defense World Staff on Aug 12th, 2023

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Credicorp Ltd. (NYSE:BAP – Free Report) by 13.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,503 shares of the bank’s stock after purchasing an additional 4,264 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Credicorp were worth $4,700,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Pathstone Family Office LLC increased its stake in Credicorp by 2.8% during the 3rd quarter. Pathstone Family Office LLC now owns 2,682 shares of the bank’s stock valued at $329,000 after purchasing an additional 72 shares in the last quarter. Park Place Capital Corp increased its stake in Credicorp by 5.2% during the 1st quarter. Park Place Capital Corp now owns 2,052 shares of the bank’s stock valued at $272,000 after purchasing an additional 101 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Credicorp by 20.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank’s stock valued at $179,000 after purchasing an additional 173 shares in the last quarter. Voya Investment Management LLC increased its stake in Credicorp by 2.2% during the 4th quarter. Voya Investment Management LLC now owns 8,203 shares of the bank’s stock valued at $1,113,000 after purchasing an additional 173 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Credicorp by 12.0% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,259 shares of the bank’s stock valued at $299,000 after purchasing an additional 242 shares in the last quarter. Institutional investors and hedge funds own 71.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Credicorp in a research note on Thursday, May 18th. They set a “hold” rating on the stock. TheStreet raised shares of Credicorp from a “c+” rating to a “b-” rating in a report on Wednesday, May 10th. Finally, Scotiabank raised shares of Credicorp from a “sector perform” rating to a “sector outperform” rating in a report on Friday, July 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Credicorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.00.

Read Our Latest Analysis on BAP

Credicorp Stock Down 4.9 %

BAP stock opened at $149.96 on Friday. The firm’s fifty day simple moving average is $149.96 and its 200-day simple moving average is $138.62. The company has a market capitalization of $11.93 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 0.49 and a beta of 0.97. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.10 and a quick ratio of 1.10. Credicorp Ltd. has a 12 month low of $118.33 and a 12 month high of $160.15.

About Credicorp

(Free Report)

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.