Credicorp (NYSE:BAP) CEO Sells $1,116,500.00 in Stock

Credicorp Ltd. (NYSE:BAP) CEO Diego Antonio Cavero sold 3,500 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was 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 owned 7,307 shares of the company’s stock, valued at $2,330,933. This trade represents a 32.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Credicorp Trading Up 4.8%

Shares of Credicorp stock opened at $368.59 on Friday. 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 company’s 50-day simple moving average is $334.04 and its 200-day simple moving average is $322.47. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.36.

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 net margin of 24.81% and a return on equity of 20.61%. The firm had revenue of $1.81 billion during the quarter. As a group, equities research analysts anticipate that Credicorp Ltd. will post 29.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Credicorp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in Credicorp in the third quarter valued at $35,000. Raymond James Financial Inc. acquired a new position in shares of Credicorp during the 2nd quarter worth $38,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Credicorp in the 1st quarter worth about $40,000. Kestra Advisory Services LLC purchased a new stake in shares of Credicorp in the 4th quarter worth about $42,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Credicorp in the 4th quarter valued at about $46,000. 89.81% of the stock is owned by institutional investors and hedge funds.

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.