Diversified Trust Co Acquires 8,780 Shares of Credicorp Ltd. $BAP

Diversified Trust Co grew its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 404.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,953 shares of the bank’s stock after purchasing an additional 8,780 shares during the quarter. Diversified Trust Co’s holdings in Credicorp were worth $3,715,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Capital World Investors purchased a new position in shares of Credicorp in the 3rd quarter worth about $434,014,000. Norges Bank bought a new position in Credicorp during the fourth quarter valued at about $150,814,000. William Blair Investment Management LLC increased its holdings in Credicorp by 71.6% during the third quarter. William Blair Investment Management LLC now owns 820,073 shares of the bank’s stock worth $218,369,000 after buying an additional 342,308 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in Credicorp during the fourth quarter worth about $89,754,000. Finally, Invesco Ltd. raised its position in Credicorp by 27.4% in the third quarter. Invesco Ltd. now owns 1,349,408 shares of the bank’s stock worth $359,320,000 after acquiring an additional 290,585 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BAP shares. Morgan Stanley upgraded shares of Credicorp from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $375.00 to $480.00 in a research note on Wednesday. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and raised their price target for the stock from $320.00 to $350.00 in a research note on Tuesday, May 19th. Weiss Ratings cut shares of Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, May 29th. UBS Group upped their price objective on Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. lowered Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price objective for the company. in a report on Monday, June 15th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $377.00.

Insider Activity

In other news, CFO Alejandro Perez-Reyes sold 1,073 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $337.50, for a total value of $362,137.50. Following the sale, the chief financial officer owned 1,745 shares of the company’s stock, valued at $588,937.50. The trade was a 38.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Diego Antonio Cavero sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $319.00, for a total transaction of $1,116,500.00. Following the completion of the sale, the chief executive officer directly owned 7,307 shares in the company, valued at approximately $2,330,933. This trade 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 owned by company insiders.

Credicorp Trading Down 0.1%

Shares of BAP opened at $382.36 on Monday. Credicorp Ltd. has a fifty-two week low of $213.75 and a fifty-two week high of $398.52. The business has a 50-day moving average of $338.00 and a 200 day moving average of $327.55. The firm has a market cap of $36.09 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 0.83 and a beta of 0.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 EPS for the quarter. The business 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%. As a group, research analysts forecast that Credicorp Ltd. will post 29.52 EPS for the current 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.