Deprince Race & Zollo Inc. Sells 2,620 Shares of Credicorp Ltd. $BAP

Deprince Race & Zollo Inc. lowered its position in shares of Credicorp Ltd. (NYSE:BAP) by 5.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,957 shares of the bank’s stock after selling 2,620 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Credicorp were worth $14,570,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. TD Asset Management Inc raised its position in shares of Credicorp by 1.6% during the 4th quarter. TD Asset Management Inc now owns 1,853 shares of the bank’s stock valued at $532,000 after purchasing an additional 29 shares during the period. Cigna Investments Inc. New boosted its holdings in Credicorp by 2.8% in the 4th quarter. Cigna Investments Inc. New now owns 1,172 shares of the bank’s stock worth $336,000 after buying an additional 32 shares during the period. CIBC Private Wealth Group LLC increased its stake in Credicorp by 21.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 180 shares of the bank’s stock worth $52,000 after buying an additional 32 shares in the last quarter. Perpetual Ltd increased its stake in Credicorp by 0.5% in the 4th quarter. Perpetual Ltd now owns 6,418 shares of the bank’s stock worth $1,842,000 after buying an additional 34 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Credicorp by 0.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,162 shares of the bank’s stock worth $2,916,000 after buying an additional 42 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Up 1.0%

Shares of BAP stock opened at $390.98 on Friday. The stock has a market cap of $36.90 billion, a P/E ratio of 15.07, a PEG ratio of 0.84 and a beta of 0.88. Credicorp Ltd. has a 52 week low of $216.87 and a 52 week high of $399.38. 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 company’s fifty day simple moving average is $345.32 and its two-hundred day simple moving average is $334.49.

Analyst Ratings Changes

Several equities analysts have recently commented on BAP shares. Morgan Stanley upgraded Credicorp from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $375.00 to $480.00 in a research report on Wednesday, June 17th. JPMorgan Chase & Co. cut Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 target price for the company. in a research report on Monday, June 15th. HSBC raised Credicorp from a “hold” rating to a “buy” rating and lifted their target price for the company from $320.00 to $350.00 in a research note on Tuesday, May 19th. UBS Group boosted their price target on Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings downgraded Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Credicorp currently has an average rating of “Moderate Buy” and an average target price of $377.00.

Insider Buying and Selling

In other Credicorp news, CFO Alejandro Perez-Reyes sold 1,073 shares of the firm’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 completion of the transaction, the chief financial officer owned 1,745 shares in the company, valued at $588,937.50. This trade represents a 38.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Diego Antonio Cavero sold 3,500 shares of Credicorp stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $319.00, for a total value 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. The trade was a 32.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 15.90% of the stock is currently owned by corporate insiders.

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.