Credicorp Ltd. $BAP Shares Sold by Bamco Inc. NY

Bamco Inc. NY decreased its position in Credicorp Ltd. (NYSE:BAP) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,044 shares of the bank’s stock after selling 10,878 shares during the period. Bamco Inc. NY’s holdings in Credicorp were worth $81,808,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BAP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Credicorp in the 1st quarter valued at approximately $78,000. Cetera Investment Advisers grew its stake in shares of Credicorp by 36.3% in the 2nd quarter. Cetera Investment Advisers now owns 1,786 shares of the bank’s stock valued at $399,000 after buying an additional 476 shares during the period. State Street Corp grew its stake in shares of Credicorp by 1.6% in the 2nd quarter. State Street Corp now owns 1,197,536 shares of the bank’s stock valued at $267,673,000 after buying an additional 19,361 shares during the period. Nebula Research & Development LLC purchased a new stake in shares of Credicorp in the 2nd quarter valued at approximately $355,000. Finally, Quantinno Capital Management LP grew its stake in shares of Credicorp by 24.7% in the 2nd quarter. Quantinno Capital Management LP now owns 5,468 shares of the bank’s stock valued at $1,222,000 after buying an additional 1,083 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

NYSE:BAP opened at $388.36 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $36.65 billion, a P/E ratio of 14.97, a PEG ratio of 0.79 and a beta of 0.89. The company has a 50 day moving average price of $336.50 and a 200 day moving average price of $325.77. Credicorp Ltd. has a fifty-two week low of $213.75 and a fifty-two week high of $396.03.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. The firm had revenue of $1.81 billion during the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. Equities research analysts forecast that Credicorp Ltd. will post 29.62 EPS for the current year.

Insider Buying and Selling

In related news, CFO Alejandro Perez-Reyes sold 1,073 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $337.50, for a total transaction of $362,137.50. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Diego Antonio Cavero sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $319.00, for a total transaction of $1,116,500.00. Following the completion of the transaction, the chief executive officer directly owned 7,307 shares of the company’s stock, valued at $2,330,933. This represents a 32.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 15.90% of the company’s stock.

Wall Street Analyst Weigh In

BAP has been the subject of several analyst reports. UBS Group increased their price target on shares of Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Weiss Ratings cut shares of Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. cut shares of Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price objective for the company. in a research report on Monday. Zacks Research cut shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and increased their price objective for the stock from $320.00 to $350.00 in a research report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $377.00.

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.