Atlas Capital Advisors Inc. Takes $453,000 Position in Credicorp Ltd. $BAP

Atlas Capital Advisors Inc. acquired a new stake in shares of Credicorp Ltd. (NYSE:BAP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,580 shares of the bank’s stock, valued at approximately $453,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new stake in shares of Credicorp during the third quarter valued at about $35,000. Raymond James Financial Inc. bought a new position in shares of Credicorp during the 2nd quarter worth approximately $38,000. Kestra Advisory Services LLC purchased a new stake in Credicorp during the fourth quarter valued at approximately $42,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Credicorp in the fourth quarter valued at approximately $46,000. Finally, Quarry LP acquired a new stake in Credicorp in the third quarter valued at approximately $46,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Alejandro Perez-Reyes sold 1,073 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $337.50, for a total transaction of $362,137.50. Following the sale, the chief financial officer directly owned 1,745 shares in the company, valued at $588,937.50. This trade represents a 38.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Diego Antonio Cavero sold 3,500 shares of Credicorp stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 7,307 shares of the company’s stock, valued at approximately $2,330,933. This represents a 32.39% decrease in their position. The disclosure for this sale is available in the SEC filing. 15.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BAP has been the topic of a number of recent analyst reports. Zacks Research downgraded Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. downgraded Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price target for the company. in a report on Monday. UBS Group boosted their price target on Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Weiss Ratings lowered shares of Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Finally, The Goldman Sachs Group lifted their target price 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. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $356.40.

Credicorp Price Performance

Shares of NYSE BAP opened at $362.03 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $34.17 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 0.80 and a beta of 0.89. The firm’s 50 day simple moving average is $335.02 and its 200-day simple moving average is $324.07. Credicorp Ltd. has a 12 month low of $213.75 and a 12 month high of $380.20.

Credicorp (NYSE:BAP) last posted its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. The firm had revenue of $1.81 billion during the quarter. Analysts expect that Credicorp Ltd. will post 29.61 EPS for the current year.

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.