49,121 Shares in Credicorp Ltd. $BAP Purchased by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Credicorp Ltd. (NYSE:BAP) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 49,121 shares of the bank’s stock, valued at approximately $16,661,000.

A number of other large investors also recently bought and sold shares of BAP. Sanctuary Advisors LLC grew its position in shares of Credicorp by 2.0% in the 1st quarter. Sanctuary Advisors LLC now owns 4,313 shares of the bank’s stock worth $1,463,000 after acquiring an additional 85 shares in the last quarter. Calamos Advisors LLC increased its holdings in shares of Credicorp by 89.4% in the 1st quarter. Calamos Advisors LLC now owns 6,014 shares of the bank’s stock valued at $2,040,000 after acquiring an additional 2,838 shares during the last quarter. Matthews International Capital Management LLC acquired a new stake in shares of Credicorp during the 1st quarter valued at approximately $4,355,000. LGT Fund Management Co Ltd. acquired a new stake in shares of Credicorp during the 1st quarter valued at approximately $1,825,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Credicorp by 2,670.9% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,336 shares of the bank’s stock worth $10,968,000 after purchasing an additional 31,169 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. 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 increased their target price on shares of Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. The Goldman Sachs Group raised their price target on shares of Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a research report on Thursday. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and lifted their price target for the company from $320.00 to $350.00 in a report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. lowered shares of Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price objective on the stock. in a research note on Monday, June 15th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Credicorp presently has a consensus 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 the stock in a transaction 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 sale, the chief executive officer directly owned 7,307 shares of the company’s stock, valued at $2,330,933. This trade 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 available at this link. Also, CFO Alejandro Perez-Reyes sold 1,073 shares of the firm’s stock in a transaction 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 sale, the chief financial officer owned 1,745 shares in the company, valued at $588,937.50. The trade was a 38.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 15.90% of the stock is owned by company insiders.

Credicorp Trading Down 2.6%

Shares of NYSE BAP opened at $388.00 on Friday. Credicorp Ltd. has a 12-month low of $220.80 and a 12-month high of $403.30. The company has a market cap of $36.62 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 0.87 and a beta of 0.88. 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 stock’s 50 day simple moving average is $358.92 and its 200 day simple moving average is $341.99.

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.