BNP Paribas Financial Markets Acquires 133,938 Shares of Credicorp Ltd. $BAP

BNP Paribas Financial Markets increased its position in Credicorp Ltd. (NYSE:BAP) by 203.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,847 shares of the bank’s stock after purchasing an additional 133,938 shares during the period. BNP Paribas Financial Markets owned approximately 0.25% of Credicorp worth $57,356,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Credicorp by 42.2% in the 3rd quarter. Principal Financial Group Inc. now owns 291,175 shares of the bank’s stock worth $77,534,000 after purchasing an additional 86,340 shares in the last quarter. Sovran Advisors LLC bought a new position in Credicorp during the 4th quarter valued at about $1,358,000. Causeway Capital Management LLC lifted its stake in Credicorp by 11.9% during the 3rd quarter. Causeway Capital Management LLC now owns 215,628 shares of the bank’s stock valued at $57,417,000 after acquiring an additional 22,870 shares during the period. Marshall Financial Group LLC bought a new position in Credicorp during the 4th quarter valued at about $912,000. Finally, Capital World Investors bought a new position in Credicorp during the 3rd quarter valued at about $434,014,000. Institutional investors own 89.81% of the company’s stock.

Insiders Place Their Bets

In other Credicorp news, CFO Alejandro Perez-Reyes sold 1,073 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $337.50, for a total value of $362,137.50. Following the completion of the transaction, the chief financial officer directly owned 1,745 shares in the company, valued at $588,937.50. This represents a 38.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 15.90% of the stock is owned by insiders.

Credicorp Trading Up 0.9%

Credicorp stock opened at $343.64 on Wednesday. The firm has a 50 day moving average of $332.43 and a 200 day moving average of $317.64. The firm has a market capitalization of $32.43 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 0.74 and a beta of 0.89. Credicorp Ltd. has a 12-month low of $209.46 and a 12-month high of $380.20. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36.

Credicorp (NYSE:BAP) last released its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. The company had revenue of $1.81 billion during the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. As a group, research analysts predict that Credicorp Ltd. will post 29.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BAP shares. JPMorgan Chase & Co. upped their target price on shares of Credicorp from $412.00 to $415.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Zacks Research cut shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group upped their target price on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. UBS Group upped their target price on shares of Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and upped their target price for the company from $320.00 to $350.00 in a research note on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $356.40.

Credicorp 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.