Global Retirement Partners LLC Buys 2,202 Shares of Credicorp Ltd. $BAP

Global Retirement Partners LLC grew its stake in Credicorp Ltd. (NYSE:BAP) by 2,474.2% during the 4th quarter, HoldingsChannel reports. The firm owned 2,291 shares of the bank’s stock after acquiring an additional 2,202 shares during the quarter. Global Retirement Partners LLC’s holdings in Credicorp were worth $658,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BAP. Banque Cantonale Vaudoise bought a new stake in Credicorp during the 4th quarter worth approximately $2,296,000. GSA Capital Partners LLP grew its position in Credicorp by 368.6% during the 4th quarter. GSA Capital Partners LLP now owns 7,053 shares of the bank’s stock worth $2,024,000 after acquiring an additional 5,548 shares during the last quarter. Handelsbanken Fonder AB grew its position in Credicorp by 2.3% during the 4th quarter. Handelsbanken Fonder AB now owns 320,225 shares of the bank’s stock worth $91,905,000 after acquiring an additional 7,309 shares during the last quarter. HighTower Advisors LLC bought a new stake in Credicorp during the 4th quarter worth approximately $704,000. Finally, Abacus Wealth Partners LLC bought a new stake in Credicorp during the 4th quarter worth approximately $771,000. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BAP shares. Zacks Research lowered Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. UBS Group increased their price target on Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group increased their price target on Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and increased their price target for the stock from $320.00 to $350.00 in a research report on Tuesday, May 19th. Finally, Weiss Ratings upgraded Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $335.40.

Credicorp Stock Up 5.3%

Shares of BAP opened at $351.86 on Wednesday. The firm has a market capitalization of $33.21 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 0.74 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02. The business’s fifty day moving average price is $331.34 and its two-hundred day moving average price is $315.25. Credicorp Ltd. has a 52 week low of $202.09 and a 52 week high of $380.20.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 EPS for the quarter. The firm had revenue of $1.81 billion for the quarter. Credicorp had a return on equity of 20.61% and a net margin of 24.81%. On average, analysts predict that Credicorp Ltd. will post 29.38 earnings per share for the current year.

Insider Buying and Selling

In other Credicorp news, CFO Alejandro Perez-Reyes sold 1,073 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $337.50, for a total value of $362,137.50. Following the transaction, the chief financial officer directly owned 1,745 shares in the company, valued at approximately $588,937.50. This trade represents a 38.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.