Credicorp Ltd. $BAP Stake Lessened by R Squared Ltd

R Squared Ltd decreased its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 74.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.

Several other large investors have also recently bought and sold shares of the business. Capital World Investors boosted its position in Credicorp by 34.7% during the 4th quarter. Capital World Investors now owns 2,195,404 shares of the bank’s stock worth $630,081,000 after acquiring an additional 565,490 shares during the period. Invesco Ltd. boosted 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 purchasing an additional 31,383 shares during the period. State Street Corp boosted 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 purchasing an additional 69,329 shares during the period. Schroder Investment Management Group grew its position in Credicorp by 2.2% during the fourth quarter. Schroder Investment Management Group now owns 1,107,420 shares of the bank’s stock valued at $317,830,000 after purchasing an additional 23,777 shares in the last quarter. Finally, Pzena Investment Management LLC increased its stake in Credicorp by 1.5% in the 4th quarter. Pzena Investment Management LLC now owns 1,068,942 shares of the bank’s stock valued at $306,786,000 after buying an additional 15,886 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Credicorp

In other Credicorp news, CEO Diego Antonio Cavero sold 3,500 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alejandro Perez-Reyes sold 1,073 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $337.50, for a total value of $362,137.50. Following the sale, the chief financial officer owned 1,745 shares of the company’s stock, valued at approximately $588,937.50. This trade represents a 38.08% decrease in their position. The SEC filing for this sale provides additional information. 15.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Credicorp Stock Performance

BAP stock opened at $386.72 on Wednesday. The firm has a 50 day moving average of $349.07 and a two-hundred day moving average of $336.85. Credicorp Ltd. has a 12 month low of $216.87 and a 12 month high of $399.38. The company has a market capitalization of $36.50 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 0.85 and a beta of 0.88. 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 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.