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

BNP Paribas Financial Markets boosted its holdings in Credicorp Ltd. (NYSE:BAP) by 203.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,847 shares of the bank’s stock after purchasing an additional 133,938 shares during the quarter. BNP Paribas Financial Markets’ holdings in Credicorp were worth $57,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in 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 during the period. Sovran Advisors LLC bought a new position in Credicorp in the 4th quarter worth approximately $1,358,000. Causeway Capital Management LLC boosted its position in shares of 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 last quarter. Marshall Financial Group LLC bought a new position in shares of Credicorp during the 4th quarter valued at approximately $912,000. Finally, Capital World Investors bought a new position in shares of Credicorp during the 3rd quarter valued at approximately $434,014,000. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Up 0.9%

Shares of BAP opened at $343.64 on Wednesday. The company has a market cap of $32.43 billion, a PE ratio of 13.25, a P/E/G ratio of 0.74 and a beta of 0.89. The business has a fifty day moving average of $332.43 and a 200 day moving average of $317.64. Credicorp Ltd. has a 52-week low of $209.46 and a 52-week high of $380.20. 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 issued its quarterly 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 return on equity of 20.61% and a net margin of 24.81%. On average, sell-side analysts expect that Credicorp Ltd. will post 29.61 EPS for the current year.

Insiders Place Their Bets

In other Credicorp news, CFO Alejandro Perez-Reyes sold 1,073 shares of the stock in a transaction 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 sale, the chief financial officer owned 1,745 shares in the company, valued at $588,937.50. This trade represents a 38.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Credicorp from $412.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. UBS Group increased their target price on Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings downgraded Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday. Zacks Research downgraded Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and increased their target price for the company from $320.00 to $350.00 in a research report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.