Credicorp Ltd. $BAP Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its position in Credicorp Ltd. (NYSE:BAP) by 149.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,678 shares of the bank’s stock after purchasing an additional 29,133 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Credicorp were worth $13,971,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. BIT Capital GmbH boosted its position in shares of Credicorp by 46.9% in the 4th quarter. BIT Capital GmbH now owns 16,951 shares of the bank’s stock valued at $4,865,000 after purchasing an additional 5,412 shares during the period. Convergence Financial LLC acquired a new stake in shares of Credicorp in the 4th quarter valued at about $788,000. State of Wyoming boosted its position in shares of Credicorp by 69.0% in the 4th quarter. State of Wyoming now owns 784 shares of the bank’s stock valued at $225,000 after purchasing an additional 320 shares during the period. TD Asset Management Inc raised its stake in Credicorp by 1.6% during the 4th quarter. TD Asset Management Inc now owns 1,853 shares of the bank’s stock valued at $532,000 after acquiring an additional 29 shares during the last quarter. Finally, Cibc World Market Inc. raised its stake in Credicorp by 3.7% during the 4th quarter. Cibc World Market Inc. now owns 8,798 shares of the bank’s stock valued at $2,525,000 after acquiring an additional 312 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on BAP shares. HSBC raised 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. 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. Zacks Research downgraded Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. 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. Finally, The Goldman Sachs Group upped their price objective on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Five 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 stock has an average rating of “Moderate Buy” and an average target price of $356.40.

Insider Activity

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

Credicorp Stock Performance

Shares of BAP stock opened at $322.17 on Friday. The company has a market cap of $30.41 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 0.70 and a beta of 0.89. The stock has a 50 day simple moving average of $332.43 and a 200-day simple moving average of $319.27. Credicorp Ltd. has a 12-month low of $212.31 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 issued its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. The business had revenue of $1.81 billion during the quarter. Credicorp had a return on equity of 20.61% and a net margin of 24.81%. On average, equities analysts forecast that Credicorp Ltd. will post 29.61 EPS for the current year.

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.