R Squared Ltd Has $390,000 Stake in Credicorp Ltd. $BAP

R Squared Ltd trimmed its position in shares of Credicorp Ltd. (NYSE:BAP) by 74.7% in the first quarter, Holdings Channel reports. The fund owned 1,151 shares of the bank’s stock after selling 3,402 shares during the quarter. R Squared Ltd’s holdings in Credicorp were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Capital World Investors boosted its stake in Credicorp by 34.7% during the 4th quarter. Capital World Investors now owns 2,195,404 shares of the bank’s stock valued at $630,081,000 after purchasing an additional 565,490 shares during the period. Invesco Ltd. lifted its holdings in shares of Credicorp by 2.3% during the fourth quarter. Invesco Ltd. now owns 1,380,791 shares of the bank’s stock worth $396,287,000 after buying an additional 31,383 shares during the last quarter. State Street Corp lifted its holdings in shares of Credicorp by 5.5% during the fourth quarter. State Street Corp now owns 1,336,882 shares of the bank’s stock worth $383,685,000 after buying an additional 69,329 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Credicorp by 2.2% in the fourth quarter. Schroder Investment Management Group now owns 1,107,420 shares of the bank’s stock valued at $317,830,000 after acquiring an additional 23,777 shares during the period. Finally, Pzena Investment Management LLC boosted its position in shares of Credicorp by 1.5% in the fourth quarter. Pzena Investment Management LLC now owns 1,068,942 shares of the bank’s stock valued at $306,786,000 after acquiring an additional 15,886 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Trading Down 1.4%

Shares of Credicorp stock opened at $386.72 on Wednesday. Credicorp Ltd. has a 52-week low of $216.87 and a 52-week high of $399.38. The firm has a market capitalization of $36.50 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 0.85 and a beta of 0.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.02. The company’s fifty day moving average price is $349.07 and its two-hundred day moving average price is $336.85.

Analysts Set New Price Targets

BAP has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 target price on the stock. in a research report on Monday, June 15th. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and raised their price target for the stock from $320.00 to $350.00 in a research report on Tuesday, May 19th. Weiss Ratings downgraded shares of Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, May 29th. UBS Group upped their price objective on shares of Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Morgan Stanley upgraded shares of Credicorp from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $375.00 to $480.00 in a research note on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $377.00.

Insider Transactions at Credicorp

In other Credicorp news, CFO Alejandro Perez-Reyes sold 1,073 shares of the firm’s 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 owned 1,745 shares in the company, valued at $588,937.50. This trade represents a 38.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Diego Antonio Cavero sold 3,500 shares of Credicorp 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 sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. 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.