Credicorp (NYSE:BAP) CEO Sells $1,116,500.00 in Stock

Credicorp Ltd. (NYSE:BAP) 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 sale, the chief executive officer directly owned 7,307 shares in the company, valued at $2,330,933. The trade was a 32.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Credicorp Stock Performance

BAP stock traded up $34.34 during midday trading on Tuesday, reaching $354.23. 1,080,918 shares of the company’s stock traded hands, compared to its average volume of 489,220. The company has a 50-day moving average price of $332.24 and a two-hundred day moving average price of $320.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02. Credicorp Ltd. has a 52 week low of $212.31 and a 52 week high of $380.20. The firm has a market capitalization of $33.43 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 0.70 and a beta of 0.89.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BAP shares. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and boosted their price target for the company from $320.00 to $350.00 in a research report on Tuesday, May 19th. UBS Group boosted their price target on shares of Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings lowered shares of Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Zacks Research lowered shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Credicorp currently has an average rating of “Moderate Buy” and a consensus price target of $356.40.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in Credicorp in the first quarter valued at $40,000. Brown Brothers Harriman & Co. bought a new stake in Credicorp in the third quarter worth $35,000. Kestra Advisory Services LLC bought a new stake in Credicorp in the fourth quarter worth $42,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Credicorp in the fourth quarter worth $46,000. Finally, Raymond James Financial Inc. bought a new stake in Credicorp in the second quarter worth $38,000. 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.