Credicorp (NYSE:BAP) CFO Alejandro Perez-Reyes Sells 1,073 Shares

Credicorp Ltd. (NYSE:BAP) CFO Alejandro Perez-Reyes sold 1,073 shares of the firm’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 completion of the sale, the chief financial officer owned 1,745 shares of the company’s stock, valued at $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.

Credicorp Price Performance

Shares of NYSE:BAP traded up $9.08 on Tuesday, reaching $343.38. 33,394 shares of the company were exchanged, compared to its average volume of 457,701. The firm has a market cap of $32.41 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87. Credicorp Ltd. has a 1-year low of $202.09 and a 1-year high of $380.20. The company has a 50-day moving average of $330.82 and a 200-day moving average of $314.59. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36.

Credicorp (NYSE:BAP) last issued its quarterly earnings data 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 for the quarter. Equities analysts forecast that Credicorp Ltd. will post 29.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on BAP. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and lifted their target price for the stock 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 (a-)” rating in a research note on Friday, May 15th. Zacks Research downgraded shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. The Goldman Sachs Group raised their target price on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Finally, UBS Group reaffirmed a “buy” rating on shares of Credicorp in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $334.60.

Hedge Funds Weigh In On Credicorp

A number of hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Credicorp in the 1st quarter valued at $78,000. Cetera Investment Advisers boosted its position in shares of Credicorp by 36.3% in the second quarter. Cetera Investment Advisers now owns 1,786 shares of the bank’s stock worth $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 second 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 in the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Credicorp in the second quarter valued at about $355,000. Finally, Quantinno Capital Management LP raised its holdings in shares of Credicorp by 24.7% during 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.

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.