Trillium Asset Management LLC Invests $6.07 Million in Credicorp Ltd. $BAP

Trillium Asset Management LLC bought a new stake in Credicorp Ltd. (NYSE:BAP) during the second quarter, Holdings Channel reports. The institutional investor bought 15,569 shares of the bank’s stock, valued at approximately $6,065,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. purchased a new position in Credicorp during the 2nd quarter worth $1,173,000. West Family Investments Inc. acquired a new position in Credicorp in the second quarter valued at $218,000. NewEdge Wealth LLC purchased a new stake in shares of Credicorp in the second quarter valued at about $893,000. Danske Bank A S purchased a new stake in shares of Credicorp in the second quarter valued at about $12,946,000. Finally, Pzena Investment Management LLC purchased a new stake in shares of Credicorp in the second quarter valued at about $325,911,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. HSBC raised 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. Weiss Ratings raised Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, August 6th. UBS Group lifted their target price on Credicorp from $412.00 to $473.00 and gave the company a “buy” rating in a research note on Thursday. 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 report on Monday, June 15th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $418.40.

Insider Activity at Credicorp

In related news, CEO Diego Antonio Cavero sold 3,500 shares of the company’s stock in a transaction that occurred 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 owned 7,307 shares in the company, valued at $2,330,933. This represents a 32.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 15.90% of the stock is owned by company insiders.

Credicorp Stock Up 0.6%

BAP stock opened at $371.16 on Friday. The company has a market cap of $35.03 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.72 and a beta of 0.90. Credicorp Ltd. has a 52 week low of $230.45 and a 52 week high of $413.24. The company’s 50-day moving average price is $385.15 and its 200 day moving average price is $353.94. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38.

Credicorp (NYSE:BAP) last issued its earnings results on Friday, August 14th. The bank reported $7.33 earnings per share for the quarter, topping 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 company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.82 billion. On average, research analysts expect 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.