First Trust Advisors LP Has $2.47 Million Stake in Credicorp Ltd. $BAP

First Trust Advisors LP boosted its stake in Credicorp Ltd. (NYSE:BAP) by 99.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,279 shares of the bank’s stock after purchasing an additional 3,623 shares during the period. First Trust Advisors LP’s holdings in Credicorp were worth $2,469,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. TD Asset Management Inc boosted its stake in shares of Credicorp by 1.6% in the 4th quarter. TD Asset Management Inc now owns 1,853 shares of the bank’s stock worth $532,000 after buying an additional 29 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Credicorp by 21.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 180 shares of the bank’s stock worth $52,000 after purchasing an additional 32 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Credicorp by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 10,162 shares of the bank’s stock valued at $2,916,000 after acquiring an additional 42 shares during the period. Fiduciary Trust Co raised its stake in Credicorp by 1.8% during the 3rd quarter. Fiduciary Trust Co now owns 2,849 shares of the bank’s stock valued at $759,000 after purchasing an additional 50 shares during the period. Finally, Natural Investments LLC lifted its holdings in shares of Credicorp by 1.6% in the fourth quarter. Natural Investments LLC now owns 3,292 shares of the bank’s stock worth $944,000 after buying an additional 53 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Trading Down 1.6%

BAP stock opened at $386.37 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. Credicorp Ltd. has a 52-week low of $230.45 and a 52-week high of $413.24. The company’s 50-day simple moving average is $378.57 and its 200-day simple moving average is $351.95. The firm has a market cap of $36.47 billion, a P/E ratio of 14.89, a PEG ratio of 0.85 and a beta of 0.90.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley raised shares of Credicorp from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $375.00 to $480.00 in a research note on Wednesday, June 17th. UBS Group upped their price objective 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 raised Credicorp from a “hold” rating to a “buy” rating and increased their target price for the company from $320.00 to $350.00 in a research report on Tuesday, May 19th. Weiss Ratings upgraded shares of Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price target on the stock. in a research note on Monday, June 15th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $384.33.

Insider Buying and Selling at Credicorp

In other Credicorp news, 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 $2,330,933. The trade was a 32.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Alejandro Perez-Reyes sold 1,073 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 15.90% of the stock is owned by insiders.

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.