Hsbc Holdings PLC Has $4.99 Million Stock Position in Credicorp Ltd. $BAP

Hsbc Holdings PLC reduced its stake in Credicorp Ltd. (NYSE:BAP) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,410 shares of the bank’s stock after selling 1,599 shares during the period. Hsbc Holdings PLC’s holdings in Credicorp were worth $4,988,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its stake in Credicorp by 227.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 177 shares of the bank’s stock valued at $51,000 after buying an additional 123 shares during the period. MidFirst Bank acquired a new position in shares of Credicorp during the 4th quarter worth about $77,000. Compound Planning Inc. grew its position in shares of Credicorp by 9.2% during the 4th quarter. Compound Planning Inc. now owns 1,772 shares of the bank’s stock worth $509,000 after buying an additional 150 shares during the period. Invesco Ltd. increased its stake in shares of Credicorp by 2.3% in the 4th quarter. Invesco Ltd. now owns 1,380,791 shares of the bank’s stock valued at $396,287,000 after acquiring an additional 31,383 shares during the last quarter. Finally, Vident Advisory LLC raised its position in shares of Credicorp by 4.2% in the 4th quarter. Vident Advisory LLC now owns 12,327 shares of the bank’s stock valued at $3,538,000 after acquiring an additional 494 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BAP. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $320.00 to $350.00 in a research note on Tuesday, May 19th. UBS Group increased their target price on shares of Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. cut shares of Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price target on the stock. in a research report on Monday, June 15th. Morgan Stanley raised shares of Credicorp from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $375.00 to $480.00 in a report on Wednesday, June 17th. Finally, Weiss Ratings cut shares of Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Credicorp has an average rating of “Moderate Buy” and a consensus price target of $377.00.

Insider Activity at Credicorp

In related news, CFO Alejandro Perez-Reyes sold 1,073 shares of the business’s 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. The trade was a 38.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Diego Antonio Cavero sold 3,500 shares of the business’s stock in a transaction 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 sale, the chief executive officer directly owned 7,307 shares in the company, valued at $2,330,933. This represents a 32.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 15.90% of the stock is owned by corporate insiders.

Credicorp Trading Up 1.0%

NYSE:BAP opened at $384.22 on Friday. 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 business’s 50-day simple moving average is $341.08 and its 200-day simple moving average is $330.98. Credicorp Ltd. has a fifty-two week low of $216.87 and a fifty-two week high of $398.52. The stock has a market capitalization of $36.26 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.83 and a beta of 0.89.

Credicorp (NYSE:BAP) last posted its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. The business had revenue of $1.81 billion during the quarter. Credicorp had a return on equity of 20.61% and a net margin of 24.81%. Sell-side analysts expect that Credicorp Ltd. will post 29.52 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.