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

Credicorp Ltd. (NYSE:BAP) CEO Diego Antonio Cavero sold 3,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 7,307 shares in the company, valued at $2,330,933. The trade was a 32.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Credicorp Price Performance

Credicorp stock opened at $349.71 on Wednesday. Credicorp Ltd. has a 12 month low of $212.31 and a 12 month high of $380.20. The stock’s 50 day moving average is $332.79 and its 200-day moving average is $320.89. 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 company has a market capitalization of $33.01 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 0.69 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 return on equity of 20.61% and a net margin of 24.81%.The company had revenue of $1.81 billion for the quarter. Equities research analysts expect that Credicorp Ltd. will post 29.61 EPS for the current year.

Institutional Investors Weigh In On Credicorp

Several institutional investors have recently made changes to their positions in the stock. TD Asset Management Inc boosted its stake in shares of Credicorp by 1.6% in the fourth quarter. TD Asset Management Inc now owns 1,853 shares of the bank’s stock valued at $532,000 after buying an additional 29 shares during the period. Cigna Investments Inc. New lifted its stake in Credicorp by 2.8% during the fourth quarter. Cigna Investments Inc. New now owns 1,172 shares of the bank’s stock worth $336,000 after purchasing an additional 32 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Credicorp by 21.6% during 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 during the last quarter. Perpetual Ltd lifted its stake in Credicorp by 0.5% during the fourth quarter. Perpetual Ltd now owns 6,418 shares of the bank’s stock worth $1,842,000 after purchasing an additional 34 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Credicorp by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 10,162 shares of the bank’s stock worth $2,916,000 after purchasing an additional 42 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BAP shares. Zacks Research cut Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group boosted their price target on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. boosted their price target on Credicorp from $412.00 to $415.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and boosted their price target for the company from $320.00 to $350.00 in a research note on Tuesday, May 19th. Finally, UBS Group boosted their price target on Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.