Trillium Asset Management LLC Sells 2,369 Shares of Credicorp Ltd. $BAP

Trillium Asset Management LLC reduced its stake in Credicorp Ltd. (NYSE:BAP) by 9.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 23,337 shares of the bank’s stock after selling 2,369 shares during the quarter. Trillium Asset Management LLC’s holdings in Credicorp were worth $6,698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. TD Asset Management Inc boosted its stake 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 worth $532,000 after purchasing an additional 29 shares during the period. Cigna Investments Inc. New grew its stake 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 acquiring an additional 32 shares in the last quarter. CIBC Private Wealth Group LLC grew 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 acquiring an additional 32 shares in the last quarter. Perpetual Ltd grew 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 acquiring an additional 34 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew 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 acquiring an additional 42 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Diego Antonio Cavero sold 3,500 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were 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 owned 7,307 shares in the company, valued at approximately $2,330,933. The trade was a 32.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Alejandro Perez-Reyes sold 1,073 shares of the business’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 completion of the sale, the chief financial officer owned 1,745 shares of the company’s stock, valued at approximately $588,937.50. This represents a 38.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 15.90% of the company’s stock.

Credicorp Trading Up 0.2%

NYSE:BAP opened at $369.16 on Friday. Credicorp Ltd. has a one year low of $213.75 and a one year high of $380.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $34.84 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.80 and a beta of 0.89. The firm has a 50-day simple moving average of $334.58 and a 200-day simple moving average of $322.80.

Credicorp (NYSE:BAP) last posted its quarterly earnings results 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. Equities analysts anticipate that Credicorp Ltd. will post 29.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upped their target price 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. Zacks Research downgraded shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. UBS Group upped their target price on shares of Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and upped their target price for the stock from $320.00 to $350.00 in a research note on Tuesday, May 19th. Finally, The Goldman Sachs Group upped their target price on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.