309,496 Shares in Credicorp Ltd. $BAP Acquired by PFA Pension Forsikringsaktieselskab

Key Points

• PFA Pension bought a new position of 309,496 shares of Credicorp (NYSE: BAP), worth about $89.75 million and representing roughly 0.39% of the company at quarter-end.
• Credicorp reported quarterly EPS of $5.91 on $1.81 billion revenue, has a market cap near $30.4 billion, a P/E of 13.24, and strong profitability (ROE ~20.4%, net margin ~24.5%).
• Analysts hold a consensus “Moderate Buy” (average target $315.60); notable updates include UBS raising its target to $408 (Buy) and Goldman Sachs to $330 (Neutral).

PFA Pension Forsikringsaktieselskab bought a new position in Credicorp Ltd. (NYSE:BAP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 309,496 shares of the bank's stock, valued at approximately $89,754,000. PFA Pension Forsikringsaktieselskab owned approximately 0.39% of Credicorp at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BAP. Brown Brothers Harriman & Co. purchased a new stake in Credicorp in the 3rd quarter worth approximately $35,000. Raymond James Financial Inc. purchased a new stake in Credicorp in the 2nd quarter worth approximately $38,000. Spire Wealth Management purchased a new stake in Credicorp in the 3rd quarter worth approximately $42,000. Quarry LP purchased a new stake in Credicorp in the 3rd quarter worth approximately $46,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Credicorp in the 4th quarter worth approximately $46,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Down 0.7%

NYSE BAP opened at $321.83 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.02. The company has a market capitalization of $30.37 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.73 and a beta of 0.87. Credicorp Ltd. has a one year low of $193.13 and a one year high of $380.20. The stock has a 50 day moving average price of $336.03 and a 200-day moving average price of $306.73.

Credicorp (NYSE:BAP - Get Free Report) last posted its earnings results on Sunday, February 1st. The bank reported $5.91 EPS for the quarter. The firm had revenue of $1.81 billion during the quarter. Credicorp had a return on equity of 20.43% and a net margin of 24.53%. As a group, equities analysts predict that Credicorp Ltd. will post 29.09 EPS for the current fiscal year.

Analyst Ratings Changes

BAP has been the subject of several analyst reports. The Goldman Sachs Group increased their target price on shares of Credicorp from $293.00 to $330.00 and gave the stock a "neutral" rating in a report on Tuesday, February 17th. UBS Group upped their price target on Credicorp from $318.00 to $408.00 and gave the stock a "buy" rating in a research note on Tuesday, April 21st. Finally, Zacks Research downgraded Credicorp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $315.60.

Credicorp Company 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.

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