Danske Bank A S Takes Position in Credicorp Ltd. $BAP

Danske Bank A S bought a new stake in shares of Credicorp Ltd. (NYSE:BAP) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 33,231 shares of the bank’s stock, valued at approximately $12,946,000.

Several other large investors have also added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Credicorp in the second quarter valued at approximately $1,933,666,000. Pzena Investment Management LLC acquired a new stake in shares of Credicorp during the 2nd quarter worth approximately $325,911,000. Capital World Investors increased its stake in shares of Credicorp by 34.7% in the 4th quarter. Capital World Investors now owns 2,195,404 shares of the bank’s stock valued at $630,081,000 after acquiring an additional 565,490 shares in the last quarter. Norges Bank bought a new stake in shares of Credicorp in the 4th quarter valued at $150,814,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of Credicorp during the 4th quarter valued at $89,754,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Transactions at Credicorp

In other Credicorp news, CEO Diego Antonio Cavero sold 3,500 shares of Credicorp stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $319.00, for a total transaction of $1,116,500.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.90% of the company’s stock.

Credicorp Stock Up 0.6%

Credicorp stock opened at $371.16 on Friday. Credicorp Ltd. has a 1-year low of $230.45 and a 1-year high of $413.24. The firm has a market capitalization of $35.03 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.72 and a beta of 0.90. The firm’s fifty day moving average price is $385.15 and its two-hundred day moving average price is $353.94. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38.

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

Analyst Ratings Changes

Several research analysts recently issued reports on BAP shares. Morgan Stanley raised shares of Credicorp from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $375.00 to $480.00 in a research note on Wednesday, June 17th. JPMorgan Chase & Co. downgraded shares of Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price target for the company. in a research note on Monday, June 15th. Weiss Ratings upgraded shares of Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, August 6th. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and increased their price objective for the stock from $320.00 to $350.00 in a research report on Tuesday, May 19th. Finally, The Goldman Sachs Group boosted their target price on Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Credicorp has a consensus rating of “Moderate Buy” and a consensus 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.