3,200 Shares in Credicorp Ltd. $BAP Acquired by W1M Asset Management Ltd

W1M Asset Management Ltd purchased a new position in Credicorp Ltd. (NYSE:BAP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,200 shares of the bank’s stock, valued at approximately $1,248,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. TD Asset Management Inc raised its holdings in Credicorp by 1.6% in the fourth quarter. TD Asset Management Inc now owns 1,853 shares of the bank’s stock worth $532,000 after purchasing an additional 29 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Credicorp by 21.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 180 shares of the bank’s stock worth $52,000 after acquiring an additional 32 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Credicorp by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 10,162 shares of the bank’s stock valued at $2,916,000 after acquiring an additional 42 shares in the last quarter. Fiduciary Trust Co grew its holdings in Credicorp by 1.8% in the third quarter. Fiduciary Trust Co now owns 2,849 shares of the bank’s stock worth $759,000 after purchasing an additional 50 shares during the last quarter. Finally, CWM LLC increased its position in shares of Credicorp by 16.2% during the fourth quarter. CWM LLC now owns 394 shares of the bank’s stock worth $113,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

NYSE BAP opened at $378.51 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.02. The stock’s fifty day moving average price is $385.34 and its 200 day moving average price is $354.11. Credicorp Ltd. has a 1 year low of $230.45 and a 1 year high of $413.24. The company has a market cap of $35.72 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 0.74 and a beta of 0.90.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Friday, August 14th. The bank reported $7.33 EPS for the quarter, topping analysts’ consensus estimates of $7.31 by $0.02. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Credicorp had a return on equity of 20.52% and a net margin of 25.04%. As a group, equities research analysts forecast that Credicorp Ltd. will post 29.41 earnings per share for the current year.

Insider Transactions at Credicorp

In other Credicorp news, CEO Diego Antonio Cavero sold 3,500 shares of the firm’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 transaction of $1,116,500.00. Following the completion of the transaction, the chief executive officer directly owned 7,307 shares of the company’s stock, valued at approximately $2,330,933. This trade represents a 32.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 15.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BAP shares. JPMorgan Chase & Co. cut Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price objective for the company. in a research report on Monday, June 15th. 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 research note on Thursday, July 16th. Weiss Ratings downgraded Credicorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday. Morgan Stanley upgraded shares of Credicorp from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $375.00 to $480.00 in a report on Wednesday, June 17th. Finally, HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and increased their price objective for the company from $320.00 to $350.00 in a research report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $418.40.

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.