Credicorp Ltd. $BAP Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Credicorp Ltd. (NYSE:BAP) by 43.1% during the first quarter, Holdings Channel.com reports. The firm owned 69,673 shares of the bank’s stock after acquiring an additional 20,995 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Credicorp were worth $23,632,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Diversified Trust Co increased its stake in Credicorp by 404.0% during the 1st quarter. Diversified Trust Co now owns 10,953 shares of the bank’s stock valued at $3,715,000 after buying an additional 8,780 shares during the period. Baron Wealth Management LLC bought a new stake in shares of Credicorp during the 1st quarter worth about $226,000. Rockefeller Capital Management L.P. lifted its stake in shares of Credicorp by 18,650.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 375 shares of the bank’s stock worth $108,000 after acquiring an additional 373 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Credicorp by 227.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 177 shares of the bank’s stock worth $51,000 after acquiring an additional 123 shares during the period. Finally, MidFirst Bank acquired a new stake in shares of Credicorp in the 4th quarter worth approximately $77,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

NYSE:BAP opened at $382.36 on Friday. Credicorp Ltd. has a twelve month low of $213.75 and a twelve month high of $398.52. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $338.00 and a 200-day moving average of $327.04. The firm has a market cap of $36.09 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 0.83 and a beta of 0.89.

Credicorp (NYSE:BAP) last announced its quarterly earnings data 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 company had revenue of $1.81 billion for the quarter. Analysts forecast that Credicorp Ltd. will post 29.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CEO Diego Antonio Cavero sold 3,500 shares of the firm’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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Alejandro Perez-Reyes sold 1,073 shares of Credicorp 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 completion of the transaction, the chief financial officer owned 1,745 shares in the company, valued at approximately $588,937.50. This trade represents a 38.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 15.90% of the company’s stock.

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.