Hsbc Holdings PLC Sells 1,599 Shares of Credicorp Ltd. $BAP

Hsbc Holdings PLC cut its position in Credicorp Ltd. (NYSE:BAP) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,410 shares of the bank’s stock after selling 1,599 shares during the period. Hsbc Holdings PLC’s holdings in Credicorp were worth $4,988,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in BAP. Brown Brothers Harriman & Co. bought a new position in shares of Credicorp in the third quarter valued at approximately $35,000. Kestra Advisory Services LLC bought a new stake in Credicorp during the 4th quarter worth approximately $42,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Credicorp during the 4th quarter worth approximately $46,000. Raymond James Financial Inc. acquired a new stake in Credicorp during the 2nd quarter valued at $38,000. Finally, Quarry LP bought a new position in Credicorp in the 3rd quarter valued at $46,000. 89.81% of the stock is owned by institutional investors.

Credicorp Trading Up 1.0%

BAP stock opened at $384.22 on Friday. 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 Ltd. has a twelve month low of $216.87 and a twelve month high of $398.52. The company has a market cap of $36.26 billion, a P/E ratio of 14.81, a PEG ratio of 0.83 and a beta of 0.89. The business has a fifty day moving average of $341.08 and a 200-day moving average of $330.98.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. The business had revenue of $1.81 billion for the quarter. Credicorp had a return on equity of 20.61% and a net margin of 24.81%. As a group, equities research analysts expect that Credicorp Ltd. will post 29.52 EPS for the current year.

Insider Transactions at Credicorp

In other Credicorp news, CFO Alejandro Perez-Reyes sold 1,073 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were 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 in the company, valued at approximately $588,937.50. This represents a 38.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Diego Antonio Cavero sold 3,500 shares of the firm’s stock in a transaction dated 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 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 position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 15.90% of the company’s stock.

Analyst Upgrades and Downgrades

BAP has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Morgan Stanley upgraded Credicorp from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $375.00 to $480.00 in a research note on Wednesday, June 17th. JPMorgan Chase & Co. cut Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price target for the company. in a report on Monday, June 15th. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and upped their price target for the stock from $320.00 to $350.00 in a research report on Tuesday, May 19th. Finally, Weiss Ratings cut shares of Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $377.00.

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.