Deutsche Bank AG Boosts Stake in Credicorp Ltd. $BAP

Key Points

• Deutsche Bank AG increased its stake in Credicorp Ltd. by 1.7%, acquiring 1,931 shares during the first quarter, bringing their total ownership to 112,901 shares valued at approximately $21 million.
• Other investors like Fourth Sail Capital and Bank of Nova Scotia also raised their stakes significantly, with Fourth Sail Capital increasing its holdings by 103% to 153,365 shares.
• Credicorp's stock has a market cap of $19.87 billion and is currently rated as a "hold" by several analysts, with an average price target of $227.25.

Deutsche Bank AG grew its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 1.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,901 shares of the bank's stock after buying an additional 1,931 shares during the quarter. Deutsche Bank AG owned 0.14% of Credicorp worth $21,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new position in shares of Credicorp during the 1st quarter valued at $40,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Credicorp during the 4th quarter valued at $40,000. Farther Finance Advisors LLC grew its position in shares of Credicorp by 2,170.0% during the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the bank's stock valued at $44,000 after acquiring an additional 217 shares during the period. Quarry LP bought a new stake in shares of Credicorp during the 4th quarter valued at $47,000. Finally, Penserra Capital Management LLC bought a new stake in shares of Credicorp during the 1st quarter valued at $122,000. 89.81% of the stock is owned by institutional investors.

Credicorp Price Performance

BAP stock traded up $1.68 during mid-day trading on Monday, hitting $253.56. The company had a trading volume of 179,811 shares, compared to its average volume of 313,107. The company has a market capitalization of $20.17 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 0.79 and a beta of 1.09. Credicorp Ltd. has a 12-month low of $165.48 and a 12-month high of $255.39. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $229.05 and a 200 day moving average price of $204.87.

Credicorp (NYSE:BAP - Get Free Report) last announced its earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.51. Credicorp had a net margin of 20.94% and a return on equity of 16.25%. The firm had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.52 billion. On average, research analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Credicorp from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $174.00 to $225.00 in a research report on Thursday, July 24th. Wall Street Zen downgraded shares of Credicorp from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, UBS Group reissued a "buy" rating on shares of Credicorp in a research report on Monday, June 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $227.25.

Credicorp Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.