Axiom Investors LLC DE Purchases 15,230 Shares of Credicorp Ltd. $BAP

Axiom Investors LLC DE increased its position in Credicorp Ltd. (NYSE:BAP) by 41.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,915 shares of the bank’s stock after buying an additional 15,230 shares during the quarter. Axiom Investors LLC DE’s holdings in Credicorp were worth $14,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in Credicorp in the 3rd quarter worth approximately $35,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Credicorp in the 4th quarter worth approximately $46,000. Raymond James Financial Inc. purchased a new position in Credicorp in the 2nd quarter worth approximately $38,000. Quarry LP purchased a new position in Credicorp in the 3rd quarter worth approximately $46,000. Finally, EverSource Wealth Advisors LLC increased its stake in Credicorp by 44.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 188 shares of the bank’s stock worth $54,000 after purchasing an additional 58 shares during the period. Institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

BAP opened at $349.71 on Wednesday. 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 Ltd. has a 52-week low of $212.31 and a 52-week high of $380.20. The stock has a market capitalization of $33.01 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 0.69 and a beta of 0.89. The stock’s 50 day moving average price is $332.79 and its 200-day moving average price is $320.89.

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 return on equity of 20.61% and a net margin of 24.81%.The firm had revenue of $1.81 billion for the quarter. On average, equities research analysts predict that Credicorp Ltd. will post 29.61 EPS for the current year.

Insider Activity at Credicorp

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 stock was sold at an average price of $337.50, for a total transaction of $362,137.50. Following the transaction, the chief financial officer directly owned 1,745 shares of the company’s stock, valued at approximately $588,937.50. The trade was a 38.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $1,116,500.00. Following the transaction, the chief executive officer directly owned 7,307 shares in the company, valued at $2,330,933. This trade represents a 32.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 15.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BAP has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Credicorp from $412.00 to $415.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. The Goldman Sachs Group lifted their price target on Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. HSBC raised Credicorp from a “hold” rating to a “buy” rating and lifted their price target for the stock from $320.00 to $350.00 in a research note on Tuesday, May 19th. UBS Group lifted 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. Finally, Weiss Ratings cut Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $356.40.

Credicorp Company 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.