Deutsche Bank AG Invests $48.82 Million in Credicorp Ltd. $BAP

Deutsche Bank AG bought a new stake in shares of Credicorp Ltd. (NYSE:BAP) in the second quarter, Holdings Channel reports. The firm bought 125,317 shares of the bank’s stock, valued at approximately $48,821,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Credicorp in the second quarter worth $36,733,000. Ashoka WhiteOak Capital Pte Ltd bought a new position in shares of Credicorp in the 2nd quarter valued at approximately $3,611,000. OneDigital Investment Advisors LLC bought a new position in shares of Credicorp in the 2nd quarter valued at approximately $492,000. Global Retirement Partners LLC acquired a new stake in Credicorp in the 2nd quarter worth approximately $1,332,000. Finally, Bank of New York Mellon Corp acquired a new stake in Credicorp in the 2nd quarter worth approximately $54,064,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Credicorp

In other Credicorp news, CEO Diego Antonio Cavero sold 3,500 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $319.00, for a total transaction of $1,116,500.00. Following the completion of the sale, the chief executive officer owned 7,307 shares in the company, valued at approximately $2,330,933. The trade was a 32.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 15.90% of the stock is currently owned by company insiders.

Credicorp Price Performance

NYSE:BAP opened at $378.51 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. The firm has a market cap of $35.72 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 0.73 and a beta of 0.90. Credicorp Ltd. has a 12 month low of $230.45 and a 12 month high of $413.24. The company’s 50-day moving average price is $385.34 and its two-hundred day moving average price is $354.11.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Friday, August 14th. The bank reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.31 by $0.02. Credicorp had a return on equity of 20.52% and a net margin of 25.04%.The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.82 billion. On average, equities analysts anticipate that Credicorp Ltd. will post 29.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price target on the stock. in a research report on Monday, June 15th. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and lifted their target price for the stock from $320.00 to $350.00 in a report on Tuesday, May 19th. UBS Group upped their price target on shares of Credicorp from $412.00 to $473.00 and gave the company a “buy” rating in a report on Thursday. The Goldman Sachs Group raised their price target on Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings upgraded Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $418.40.

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.