BIT Capital GmbH Grows Holdings in Credicorp Ltd. $BAP

BIT Capital GmbH raised its stake in Credicorp Ltd. (NYSE:BAP) by 46.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,951 shares of the bank’s stock after acquiring an additional 5,412 shares during the period. BIT Capital GmbH’s holdings in Credicorp were worth $4,865,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sovran Advisors LLC purchased a new stake in Credicorp in the 4th quarter valued at $1,358,000. Causeway Capital Management LLC grew its stake in Credicorp by 11.9% in the 3rd quarter. Causeway Capital Management LLC now owns 215,628 shares of the bank’s stock valued at $57,417,000 after purchasing an additional 22,870 shares during the period. Marshall Financial Group LLC bought a new position in Credicorp in the 4th quarter valued at $912,000. Capital World Investors bought a new position in Credicorp in the 3rd quarter valued at $434,014,000. Finally, Candriam S.C.A. grew its stake in Credicorp by 146.3% in the 3rd quarter. Candriam S.C.A. now owns 168,390 shares of the bank’s stock valued at $44,839,000 after purchasing an additional 100,030 shares during the period. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

NYSE:BAP opened at $322.17 on Friday. The business’s 50-day moving average price is $332.43 and its two-hundred day moving average price is $319.27. Credicorp Ltd. has a twelve month low of $212.31 and a twelve month high of $380.20. The stock has a market cap of $30.41 billion, a P/E ratio of 12.42, a PEG ratio of 0.71 and a beta of 0.89. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.36.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BAP shares. JPMorgan Chase & Co. upped their price objective on Credicorp from $412.00 to $415.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and upped their price objective for the company from $320.00 to $350.00 in a research note on Tuesday, May 19th. Weiss Ratings downgraded Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. UBS Group upped their price objective on Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Zacks Research downgraded Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Credicorp presently has a consensus rating of “Moderate Buy” and an average target price of $356.40.

Insider Buying and Selling at Credicorp

In related news, CFO Alejandro Perez-Reyes sold 1,073 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $337.50, for a total transaction of $362,137.50. Following the transaction, the chief financial officer directly owned 1,745 shares of the company’s stock, valued at approximately $588,937.50. This trade represents a 38.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 15.90% of the company’s stock.

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.