Barings LLC Has $8.12 Million Stake in Credicorp Ltd. $BAP

Barings LLC trimmed its position in shares of Credicorp Ltd. (NYSE:BAP) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,289 shares of the bank’s stock after selling 2,423 shares during the quarter. Barings LLC’s holdings in Credicorp were worth $8,119,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital World Investors acquired a new stake in shares of Credicorp in the 3rd quarter worth about $434,014,000. Norges Bank acquired a new stake in shares of Credicorp in the 4th quarter worth about $150,814,000. William Blair Investment Management LLC raised its holdings in shares of Credicorp by 71.6% in the 3rd quarter. William Blair Investment Management LLC now owns 820,073 shares of the bank’s stock worth $218,369,000 after acquiring an additional 342,308 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Credicorp in the 4th quarter worth about $89,754,000. Finally, Mondrian Investment Partners LTD acquired a new stake in shares of Credicorp in the 3rd quarter worth about $78,211,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Trading Up 4.8%

NYSE:BAP opened at $368.59 on Friday. 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 firm has a market cap of $34.79 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 0.76 and a beta of 0.89. Credicorp Ltd. has a 52 week low of $213.75 and a 52 week high of $380.20. The firm has a 50-day moving average price of $334.04 and a two-hundred day moving average price of $322.47.

Credicorp (NYSE:BAP) last posted 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 during the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. On average, equities analysts expect that Credicorp Ltd. will post 29.61 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Alejandro Perez-Reyes sold 1,073 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $337.50, for a total transaction of $362,137.50. Following the completion of the sale, the chief financial officer directly owned 1,745 shares of the company’s stock, valued at $588,937.50. This trade represents a 38.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Diego Antonio Cavero sold 3,500 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 7,307 shares of the company’s stock, valued at approximately $2,330,933. This represents a 32.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 15.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BAP shares. Zacks Research lowered shares of Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and upped their target price for the stock from $320.00 to $350.00 in a report on Tuesday, May 19th. UBS Group increased their price target on Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings lowered Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. increased their price target on Credicorp from $412.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $356.40.

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.