Janus Henderson Group PLC Has $16.99 Million Stake in Credicorp Ltd. $BAP

Janus Henderson Group PLC reduced its stake in shares of Credicorp Ltd. (NYSE:BAP) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,134 shares of the bank’s stock after selling 2,223 shares during the period. Janus Henderson Group PLC’s holdings in Credicorp were worth $16,992,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BAP. Capital World Investors boosted its stake in shares of Credicorp by 34.7% during the 4th quarter. Capital World Investors now owns 2,195,404 shares of the bank’s stock worth $630,081,000 after acquiring an additional 565,490 shares in the last quarter. Norges Bank bought a new position in shares of Credicorp in the 4th quarter valued at approximately $150,814,000. PFA Pension Forsikringsaktieselskab acquired a new stake in Credicorp in the 4th quarter worth approximately $89,754,000. Invesco Ltd. lifted its holdings in Credicorp by 27.4% in the 3rd quarter. Invesco Ltd. now owns 1,349,408 shares of the bank’s stock worth $359,320,000 after purchasing an additional 290,585 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Credicorp by 98.9% during the fourth quarter. Principal Financial Group Inc. now owns 579,231 shares of the bank’s stock worth $166,239,000 after purchasing an additional 288,056 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

BAP opened at $395.52 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $374.97 and its two-hundred day moving average price is $350.16. The firm has a market capitalization of $37.33 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 0.87 and a beta of 0.90. Credicorp Ltd. has a 12-month low of $230.45 and a 12-month high of $413.24.

Analysts Set New Price Targets

BAP has been the topic of several analyst reports. The Goldman Sachs Group increased their price target on Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Morgan Stanley upgraded shares of Credicorp from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $375.00 to $480.00 in a research note on Wednesday, June 17th. UBS Group upped their price objective 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. lowered shares of Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 target price on the stock. in a research note on Monday, June 15th. Finally, HSBC upgraded 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 report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $384.33.

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 transaction of $362,137.50. Following the transaction, the chief financial officer owned 1,745 shares of the company’s stock, valued at approximately $588,937.50. The trade was a 38.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $319.00, for a total transaction of $1,116,500.00. Following the transaction, the chief executive officer directly owned 7,307 shares in the company, 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 currently owned by corporate insiders.

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.