Sumitomo Mitsui Trust Group Inc. Sells 17,133 Shares of Credicorp Ltd. (NYSE:BAP)

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Credicorp Ltd. (NYSE:BAP) by 9.1% during the fourth quarter, Holdings Channel reports. The fund owned 172,044 shares of the bank’s stock after selling 17,133 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Credicorp were worth $31,539,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Creative Planning grew its holdings in Credicorp by 37.4% during the second quarter. Creative Planning now owns 2,646 shares of the bank’s stock valued at $427,000 after purchasing an additional 720 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Credicorp during the 2nd quarter worth $210,000. Blue Trust Inc. grew its stake in Credicorp by 40.3% in the 3rd quarter. Blue Trust Inc. now owns 1,901 shares of the bank’s stock valued at $344,000 after buying an additional 546 shares during the last quarter. Carrhae Capital LLP bought a new position in Credicorp in the 3rd quarter worth $27,974,000. Finally, Ballentine Partners LLC acquired a new position in Credicorp during the 3rd quarter worth $302,000. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Credicorp Price Performance

NYSE:BAP opened at $188.52 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. Credicorp Ltd. has a one year low of $153.27 and a one year high of $200.00. The company has a fifty day moving average price of $185.34 and a 200 day moving average price of $181.45. The stock has a market cap of $14.99 billion, a P/E ratio of 10.82, a PEG ratio of 0.51 and a beta of 1.12.

Credicorp Profile

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.