Janus Henderson Group PLC Has $16.99 Million Holdings in Credicorp Ltd. $BAP

Janus Henderson Group PLC trimmed its position in Credicorp Ltd. (NYSE:BAP) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,134 shares of the bank’s stock after selling 2,223 shares during the quarter. Janus Henderson Group PLC owned approximately 0.05% of Credicorp worth $16,992,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of Credicorp during the third quarter valued at approximately $35,000. Raymond James Financial Inc. purchased a new position in Credicorp during the 2nd quarter worth approximately $38,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Credicorp during the 1st quarter worth approximately $40,000. Kestra Advisory Services LLC acquired a new stake in Credicorp during the 4th quarter valued at $42,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Credicorp during the 4th quarter valued at $46,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Trading Down 1.3%

NYSE BAP opened at $395.52 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. Credicorp Ltd. has a 1-year low of $230.45 and a 1-year high of $413.24. The firm’s fifty day simple moving average is $374.97 and its 200-day simple moving average is $350.16. The company has a market capitalization of $37.33 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.87 and a beta of 0.90.

Analyst Ratings Changes

Several analysts have recently commented on the company. HSBC raised 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. Weiss Ratings lowered Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. The Goldman Sachs Group increased their price objective on Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. lowered Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price objective for the company. in a research report on Monday, June 15th. Finally, UBS Group lifted their target price on Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $384.33.

Insider Activity

In related news, CEO Diego Antonio Cavero sold 3,500 shares of the business’s 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 owned 7,307 shares of the company’s stock, valued at approximately $2,330,933. The trade was a 32.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Alejandro Perez-Reyes sold 1,073 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $337.50, for a total value 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 represents a 38.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 15.90% of the company’s stock.

Credicorp 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.