Insider Selling: Credicorp (NYSE:BAP) CFO Sells $362,137.50 in Stock

Credicorp Ltd. (NYSE:BAP) CFO Alejandro Perez-Reyes sold 1,073 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $337.50, for a total transaction of $362,137.50. Following the transaction, the chief financial officer directly owned 1,745 shares in the company, valued at approximately $588,937.50. The trade was a 38.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Credicorp Stock Up 2.7%

Credicorp stock traded up $9.08 during midday trading on Tuesday, hitting $343.38. 33,394 shares of the stock were exchanged, compared to its average volume of 457,701. Credicorp Ltd. has a 1 year low of $202.09 and a 1 year high of $380.20. 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 firm has a market cap of $32.41 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.75 and a beta of 0.87. The company has a 50 day moving average price of $330.82 and a two-hundred day moving average price of $314.59.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. Credicorp had a return on equity of 20.61% and a net margin of 24.81%.The firm had revenue of $1.81 billion during the quarter. On average, sell-side analysts predict that Credicorp Ltd. will post 29.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in Credicorp by 42.2% during the third quarter. Principal Financial Group Inc. now owns 291,175 shares of the bank’s stock valued at $77,534,000 after buying an additional 86,340 shares in the last quarter. Sovran Advisors LLC purchased a new stake in shares of Credicorp during the fourth quarter valued at $1,358,000. Marshall Financial Group LLC purchased a new stake in shares of Credicorp during the fourth quarter valued at $912,000. Causeway Capital Management LLC lifted its holdings in shares of Credicorp by 11.9% during the third quarter. Causeway Capital Management LLC now owns 215,628 shares of the bank’s stock valued at $57,417,000 after purchasing an additional 22,870 shares during the last quarter. Finally, Candriam S.C.A. lifted its holdings in shares of Credicorp by 146.3% during the third quarter. Candriam S.C.A. now owns 168,390 shares of the bank’s stock valued at $44,839,000 after purchasing an additional 100,030 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BAP shares. Weiss Ratings raised shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, May 15th. The Goldman Sachs Group lifted their price target on Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and upped their price objective for the company from $320.00 to $350.00 in a research note on Tuesday, May 19th. Zacks Research lowered Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, UBS Group reissued a “buy” rating on shares of Credicorp in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Credicorp has an average rating of “Moderate Buy” and an average target price of $334.60.

About Credicorp

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.