Credicorp Ltd. (NYSE:BAP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Credicorp Ltd. (NYSE:BAP) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $356.40.

Several equities research analysts have recently commented on BAP shares. UBS Group raised their target price on shares of Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Zacks Research cut shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. cut shares of 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. Weiss Ratings cut shares of Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Finally, HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and raised their target price for the stock from $320.00 to $350.00 in a research report on Tuesday, May 19th.

Credicorp Trading Down 2.0%

NYSE:BAP opened at $362.03 on Tuesday. The company has a 50-day moving average price of $335.02 and a 200-day moving average price of $324.07. Credicorp has a 12 month low of $213.75 and a 12 month high of $380.20. 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 stock has a market cap of $34.17 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 0.80 and a beta of 0.89.

Credicorp (NYSE:BAP) last posted its 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 firm had revenue of $1.81 billion during the quarter. Equities analysts predict that Credicorp will post 29.61 EPS for the current year.

Insider Transactions at Credicorp

In related news, CFO Alejandro Perez-Reyes sold 1,073 shares of Credicorp 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 transaction, the chief financial officer directly owned 1,745 shares of the company’s stock, valued at $588,937.50. This trade represents a 38.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Diego Antonio Cavero sold 3,500 shares of Credicorp 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 transaction, the chief executive officer directly owned 7,307 shares of the company’s stock, valued at approximately $2,330,933. This trade represents a 32.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. purchased a new position in Credicorp during the 3rd quarter valued at about $35,000. Raymond James Financial Inc. purchased a new position in Credicorp during the 2nd quarter valued at about $38,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Credicorp during the 1st quarter valued at about $40,000. Kestra Advisory Services LLC purchased a new position in Credicorp in the fourth quarter worth about $42,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Credicorp in the fourth quarter worth about $46,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

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.