USS Investment Management Ltd Purchases 14,470 Shares of Credicorp Ltd. $BAP

USS Investment Management Ltd grew its position in shares of Credicorp Ltd. (NYSE:BAP) by 15.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,344 shares of the bank’s stock after buying an additional 14,470 shares during the quarter. USS Investment Management Ltd’s holdings in Credicorp were worth $31,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Verition Fund Management LLC raised its stake in Credicorp by 177.7% during the 4th quarter. Verition Fund Management LLC now owns 28,333 shares of the bank’s stock worth $8,132,000 after acquiring an additional 18,132 shares during the period. Panagora Asset Management Inc. grew its position in shares of Credicorp by 15.1% during the fourth quarter. Panagora Asset Management Inc. now owns 65,854 shares of the bank’s stock valued at $18,900,000 after purchasing an additional 8,633 shares in the last quarter. MML Investors Services LLC grew its position in shares of Credicorp by 19.0% during the fourth quarter. MML Investors Services LLC now owns 1,059 shares of the bank’s stock valued at $304,000 after purchasing an additional 169 shares in the last quarter. Mariner LLC grew its position in shares of Credicorp by 1.1% during the fourth quarter. Mariner LLC now owns 5,710 shares of the bank’s stock valued at $1,640,000 after purchasing an additional 61 shares in the last quarter. Finally, Fourth Sail Capital LP grew its position in Credicorp by 415.1% in the fourth quarter. Fourth Sail Capital LP now owns 120,988 shares of the bank’s stock worth $34,724,000 after acquiring an additional 97,500 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insider Activity at Credicorp

In other Credicorp news, CFO Alejandro Perez-Reyes sold 1,073 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 1,745 shares in the company, valued at $588,937.50. The trade was a 38.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Diego Antonio Cavero sold 3,500 shares of the business’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 value of $1,116,500.00. Following the transaction, the chief executive officer owned 7,307 shares of the company’s stock, valued at $2,330,933. This trade represents a 32.39% decrease in their position. The disclosure for this sale is available in the SEC filing. 15.90% of the stock is owned by insiders.

Analysts Set New Price Targets

BAP has been the subject of several recent research reports. HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and lifted their price target for the stock from $320.00 to $350.00 in a research report on Tuesday, May 19th. UBS Group lifted their price target on Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group lifted their price target on Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Zacks Research lowered Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Weiss Ratings lowered 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 two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Credicorp presently has a consensus rating of “Moderate Buy” and an average target price of $356.40.

Credicorp Trading Down 0.1%

BAP opened at $369.16 on Monday. Credicorp Ltd. has a 12 month low of $213.75 and a 12 month high of $380.20. The stock has a 50-day moving average of $334.58 and a 200 day moving average of $323.29. The firm has a market cap of $34.84 billion, a P/E ratio of 14.23, a P/E/G ratio of 0.80 and a beta of 0.89. 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 announced its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. Credicorp had a return on equity of 20.61% and a net margin of 24.81%.The business had revenue of $1.81 billion during the quarter. As a group, research analysts forecast that Credicorp Ltd. will post 29.61 EPS for the current 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.