Financiere des Professionnels Fonds d investissement inc. Sells 15,312 Shares of Credicorp Ltd. $BAP

Financiere des Professionnels Fonds d investissement inc. cut its holdings in Credicorp Ltd. (NYSE:BAP) by 55.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,408 shares of the bank’s stock after selling 15,312 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Credicorp were worth $3,561,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. TD Asset Management Inc raised its position in Credicorp by 1.6% in the fourth quarter. TD Asset Management Inc now owns 1,853 shares of the bank’s stock worth $532,000 after acquiring an additional 29 shares during the period. Cigna Investments Inc. New grew its stake in shares of Credicorp by 2.8% during the 4th quarter. Cigna Investments Inc. New now owns 1,172 shares of the bank’s stock valued at $336,000 after acquiring an additional 32 shares during the period. Perpetual Ltd grew its stake in shares of Credicorp by 0.5% during the 4th quarter. Perpetual Ltd now owns 6,418 shares of the bank’s stock valued at $1,842,000 after acquiring an additional 34 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Credicorp by 0.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 10,162 shares of the bank’s stock valued at $2,916,000 after acquiring an additional 42 shares during the period. Finally, Fiduciary Trust Co grew its stake in shares of Credicorp by 1.8% during the 3rd quarter. Fiduciary Trust Co now owns 2,849 shares of the bank’s stock valued at $759,000 after acquiring an additional 50 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Performance

NYSE:BAP opened at $352.27 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.02. Credicorp Ltd. has a 1 year low of $213.75 and a 1 year high of $380.20. The stock’s 50 day simple moving average is $333.45 and its two-hundred day simple moving average is $321.62. The company has a market cap of $33.25 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 0.76 and a beta of 0.89.

Credicorp (NYSE:BAP) last announced its quarterly earnings results on Sunday, February 1st. The bank reported $5.91 EPS for the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. The firm had revenue of $1.81 billion during the quarter. As a group, equities analysts anticipate that Credicorp Ltd. will post 29.61 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Diego Antonio Cavero sold 3,500 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 7,307 shares in the company, valued at approximately $2,330,933. This represents a 32.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Alejandro Perez-Reyes sold 1,073 shares of Credicorp 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 sale, the chief financial officer directly owned 1,745 shares of the company’s stock, valued at approximately $588,937.50. This trade represents a 38.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 15.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Credicorp from $412.00 to $415.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Zacks Research downgraded Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings cut Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, May 29th. HSBC raised Credicorp from a “hold” rating to a “buy” rating and raised their price target for the company from $320.00 to $350.00 in a report on Tuesday, May 19th. Finally, UBS Group raised their price target on Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $356.40.

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.