33,231 Shares in Credicorp Ltd. $BAP Acquired by Danske Bank A S

Danske Bank A S acquired a new stake in Credicorp Ltd. (NYSE:BAP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 33,231 shares of the bank’s stock, valued at approximately $12,946,000.

A number of other hedge funds have also recently added to or reduced their stakes in BAP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Credicorp during the 1st quarter valued at $78,000. Cetera Investment Advisers raised its position in Credicorp by 36.3% in the second quarter. Cetera Investment Advisers now owns 1,786 shares of the bank’s stock valued at $399,000 after purchasing an additional 476 shares during the last quarter. State Street Corp boosted its stake in shares of Credicorp by 1.6% during the second quarter. State Street Corp now owns 1,197,536 shares of the bank’s stock valued at $267,673,000 after purchasing an additional 19,361 shares in the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Credicorp during the second quarter valued at about $355,000. Finally, Quantinno Capital Management LP grew its holdings in shares of Credicorp by 24.7% during the second quarter. Quantinno Capital Management LP now owns 5,468 shares of the bank’s stock worth $1,222,000 after purchasing an additional 1,083 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BAP shares. Morgan Stanley raised Credicorp from an “equal weight” rating to an “overweight” rating and upped their price objective for the company 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 target price on the stock. in a research report on Monday, June 15th. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and boosted 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 research report on Thursday. Finally, Weiss Ratings raised shares of Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $418.40.

Credicorp Price Performance

Shares of BAP 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 company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.02. The company 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 business has a 50-day moving average of $385.15 and a 200-day moving average of $353.94.

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

Insider Activity

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

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.