Credicorp Ltd. $BAP Shares Acquired by Capital World Investors

Capital World Investors boosted its position in shares of Credicorp Ltd. (NYSE:BAP) by 34.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,195,404 shares of the bank’s stock after buying an additional 565,490 shares during the quarter. Capital World Investors owned 2.76% of Credicorp worth $630,081,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new position in Credicorp during the third quarter valued at about $35,000. Raymond James Financial Inc. bought a new position in Credicorp during the second quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Credicorp during the fourth quarter valued at about $46,000. Quarry LP bought a new position in Credicorp during the third quarter valued at about $46,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Credicorp by 44.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 188 shares of the bank’s stock valued at $54,000 after buying an additional 58 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In other Credicorp 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 completion of the sale, 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 15.90% of the company’s stock.

Analyst Ratings Changes

BAP has been the subject of several research reports. HSBC raised Credicorp from a “hold” rating to a “buy” rating and raised their target price for the company from $320.00 to $350.00 in a research note on Tuesday, May 19th. UBS Group raised their target price on Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Zacks Research cut Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings cut Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Finally, The Goldman Sachs Group raised their target price on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $356.40.

Credicorp Trading Down 0.1%

NYSE:BAP opened at $322.17 on Monday. Credicorp Ltd. has a 1-year low of $212.31 and a 1-year high of $380.20. The firm has a market capitalization of $30.41 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 0.70 and a beta of 0.89. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $332.43 and a 200 day simple moving average of $319.75.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 EPS for the quarter. Credicorp had a return on equity of 20.61% and a net margin of 24.81%.The firm had revenue of $1.81 billion during the quarter. Sell-side analysts forecast that Credicorp Ltd. will post 29.61 earnings per share 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.