Credicorp Ltd. $BAP Shares Sold by DNB Asset Management AS

DNB Asset Management AS decreased its stake in shares of Credicorp Ltd. (NYSE:BAP) by 71.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,116 shares of the bank’s stock after selling 15,083 shares during the period. DNB Asset Management AS’s holdings in Credicorp were worth $1,755,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Cigna Investments Inc. New increased its stake in Credicorp by 2.8% during the 4th quarter. Cigna Investments Inc. New now owns 1,172 shares of the bank’s stock valued at $336,000 after buying an additional 32 shares during the period. Perpetual Ltd increased its stake in Credicorp by 0.5% during the 4th quarter. Perpetual Ltd now owns 6,418 shares of the bank’s stock valued at $1,842,000 after buying an additional 34 shares during the period. One Wealth Advisors LLC increased its stake in Credicorp by 2.5% during the 3rd quarter. One Wealth Advisors LLC now owns 1,781 shares of the bank’s stock valued at $474,000 after buying an additional 43 shares during the period. Fiduciary Trust Co increased its stake in Credicorp by 1.8% during the 3rd quarter. Fiduciary Trust Co now owns 2,849 shares of the bank’s stock valued at $759,000 after buying an additional 50 shares during the period. Finally, Natural Investments LLC increased its stake in Credicorp by 1.6% during the 4th quarter. Natural Investments LLC now owns 3,292 shares of the bank’s stock valued at $944,000 after buying an additional 53 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on BAP shares. UBS Group raised their target price on shares of Credicorp from $318.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Zacks Research cut shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group lifted their price objective on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Weiss Ratings raised shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, May 15th. Finally, HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $320.00 to $350.00 in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Credicorp presently has a consensus rating of “Moderate Buy” and an average price target of $334.60.

Credicorp Stock Performance

Shares of BAP opened at $333.69 on Thursday. The firm’s 50 day moving average is $330.73 and its 200-day moving average is $312.96. The stock has a market capitalization of $31.49 billion, a P/E ratio of 12.86, a P/E/G ratio of 0.71 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.02. Credicorp Ltd. has a 12-month low of $197.16 and a 12-month high of $380.20.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. The company had revenue of $1.81 billion for the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. Equities research analysts anticipate that Credicorp Ltd. will post 29.09 EPS for the current fiscal year.

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.