Dimensional Fund Advisors LP Decreases Stake in Credicorp Ltd. $BAP

Dimensional Fund Advisors LP cut its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 12.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 220,794 shares of the bank’s stock after selling 32,239 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Credicorp were worth $74,783,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BAP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Credicorp in the 1st quarter valued at about $78,000. Cetera Investment Advisers boosted its stake in Credicorp by 36.3% during 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 boosted its stake in Credicorp by 1.6% during the second quarter. State Street Corp now owns 1,197,536 shares of the bank’s stock worth $267,673,000 after buying an additional 19,361 shares during the period. Nebula Research & Development LLC acquired a new stake in shares of Credicorp during the second quarter valued at about $355,000. Finally, Quantinno Capital Management LP increased its position in shares of Credicorp by 24.7% during the second quarter. Quantinno Capital Management LP now owns 5,468 shares of the bank’s stock valued at $1,222,000 after acquiring an additional 1,083 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Diego Antonio Cavero sold 3,500 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $319.00, for a total transaction of $1,116,500.00. Following the sale, the chief executive officer owned 7,307 shares of the company’s stock, valued at approximately $2,330,933. This represents a 32.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Alejandro Perez-Reyes sold 1,073 shares of the 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 completion of the sale, the chief financial officer owned 1,745 shares in the company, valued at approximately $588,937.50. The trade was a 38.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 15.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BAP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price target on the stock. in a research note on Monday, June 15th. The Goldman Sachs Group lifted their target price on shares of Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. HSBC raised Credicorp from a “hold” rating to a “buy” rating and boosted their target price for the company from $320.00 to $350.00 in a research report on Tuesday, May 19th. UBS Group upped their price target on Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings downgraded Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $384.33.

Credicorp Price Performance

Credicorp stock opened at $401.22 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. Credicorp Ltd. has a 52-week low of $230.45 and a 52-week high of $413.25. The firm has a market cap of $37.87 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 0.87 and a beta of 0.88. The company’s 50 day moving average is $373.73 and its two-hundred day moving average is $349.27.

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.