PFA Pension Forsikringsaktieselskab Takes $89.75 Million Position in Credicorp Ltd. $BAP

PFA Pension Forsikringsaktieselskab bought a new stake in shares of Credicorp Ltd. (NYSE:BAP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 309,496 shares of the bank’s stock, valued at approximately $89,754,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Danske Bank A S boosted its position in shares of Credicorp by 0.8% during the 4th quarter. Danske Bank A S now owns 30,991 shares of the bank’s stock valued at $8,894,000 after acquiring an additional 240 shares during the last quarter. Simplicity Wealth LLC raised its holdings in Credicorp by 7.3% during the 4th quarter. Simplicity Wealth LLC now owns 1,255 shares of the bank’s stock valued at $360,000 after buying an additional 85 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Credicorp by 24.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 363,084 shares of the bank’s stock valued at $104,265,000 after buying an additional 71,847 shares during the period. R Squared Ltd raised its holdings in Credicorp by 1.5% during the 4th quarter. R Squared Ltd now owns 4,553 shares of the bank’s stock valued at $1,307,000 after buying an additional 68 shares during the period. Finally, M&T Bank Corp purchased a new stake in Credicorp during the 4th quarter valued at $1,713,000. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Performance

BAP stock opened at $321.83 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $336.03 and its two-hundred day simple moving average is $306.73. Credicorp Ltd. has a twelve month low of $193.13 and a twelve month high of $380.20. The firm has a market cap of $30.37 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 0.73 and a beta of 0.87.

Credicorp (NYSE:BAP) last released its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. Credicorp had a return on equity of 20.43% and a net margin of 24.53%.The business had revenue of $1.81 billion for the quarter. Analysts predict that Credicorp Ltd. will post 29.09 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on BAP. Zacks Research lowered Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. UBS Group increased their price target on Credicorp from $318.00 to $408.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group increased their price target on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $315.60.

About Credicorp

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.