Diego Antonio Cavero Sells 3,500 Shares of Credicorp (NYSE:BAP) Stock

Credicorp Ltd. (NYSE:BAP) CEO Diego Antonio Cavero sold 3,500 shares of Credicorp 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 owned 7,307 shares of the company’s stock, valued at approximately $2,330,933. The trade was a 32.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Credicorp Price Performance

Shares of NYSE BAP traded up $34.34 during midday trading on Tuesday, reaching $354.23. The company’s stock had a trading volume of 1,080,918 shares, compared to its average volume of 489,220. 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 fifty-two week low of $212.31 and a fifty-two week high of $380.20. The business’s 50 day moving average price is $332.24 and its two-hundred day moving average price is $320.23. The company has a market cap of $33.43 billion, a P/E ratio of 13.67, a P/E/G ratio of 0.70 and a beta of 0.89.

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 business had revenue of $1.81 billion during the quarter. On average, analysts forecast that Credicorp Ltd. will post 29.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Credicorp

A number of hedge funds and other institutional investors have recently modified their holdings of BAP. Capital World Investors purchased a new position in shares of Credicorp in the 3rd quarter worth approximately $434,014,000. Norges Bank purchased a new stake in shares of Credicorp during the 4th quarter worth approximately $150,814,000. William Blair Investment Management LLC grew its stake in Credicorp by 71.6% in the 3rd quarter. William Blair Investment Management LLC now owns 820,073 shares of the bank’s stock valued at $218,369,000 after buying an additional 342,308 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in Credicorp in the 4th quarter valued at approximately $89,754,000. Finally, Mondrian Investment Partners LTD bought a new stake in Credicorp during the 3rd quarter valued at $78,211,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

BAP has been the subject of several research analyst reports. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and boosted their price objective for the company from $320.00 to $350.00 in a research report on Tuesday, May 19th. Zacks Research cut shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. boosted their price objective 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. The Goldman Sachs Group upped their price target on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. 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 investment 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 presently 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.