2,530 Shares in Credicorp Ltd. $BAP Purchased by Strategic Global Advisors LLC

Strategic Global Advisors LLC acquired a new position in Credicorp Ltd. (NYSE:BAP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,530 shares of the bank’s stock, valued at approximately $986,000.

A number of other institutional investors have also recently bought and sold shares of the business. M&T Bank Corp acquired a new stake in Credicorp during the fourth quarter worth approximately $1,403,000. Principal Financial Group Inc. raised its holdings in Credicorp by 98.9% in the 4th quarter. Principal Financial Group Inc. now owns 579,231 shares of the bank’s stock valued at $166,239,000 after acquiring an additional 288,056 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Credicorp in the 1st quarter valued at $1,800,000. Kestra Private Wealth Services LLC bought a new stake in shares of Credicorp during the 4th quarter valued at $1,119,000. Finally, USS Investment Management Ltd lifted its position in shares of Credicorp by 15.1% during the 4th quarter. USS Investment Management Ltd now owns 110,344 shares of the bank’s stock valued at $31,684,000 after acquiring an additional 14,470 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley upgraded Credicorp from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $375.00 to $480.00 in a research report on Wednesday, June 17th. JPMorgan Chase & Co. cut shares of 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. The Goldman Sachs Group increased their price objective on shares of Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. UBS Group raised their target price on shares of Credicorp from $412.00 to $473.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Finally, Weiss Ratings lowered shares of Credicorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $418.40.

Insider Activity

In other news, CEO Diego Antonio Cavero sold 3,500 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 7,307 shares in the company, valued at approximately $2,330,933. This represents a 32.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 15.90% of the company’s stock.

Credicorp Trading Down 0.4%

Shares of Credicorp stock opened at $381.74 on Thursday. The firm’s 50 day moving average is $385.93 and its 200 day moving average is $354.37. The firm has a market capitalization of $36.03 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.75 and a beta of 0.90. Credicorp Ltd. has a 1 year low of $230.45 and a 1 year high of $413.24. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Friday, August 14th. The bank reported $7.33 EPS for the quarter, beating the consensus estimate of $7.31 by $0.02. Credicorp had a net margin of 25.04% and a return on equity of 20.52%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.82 billion. Equities research analysts forecast that Credicorp Ltd. will post 29.41 earnings per share for the current fiscal year.

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.