Wasatch Advisors LP Buys 2,998 Shares of Credicorp Ltd. $BAP

Wasatch Advisors LP lifted its stake in shares of Credicorp Ltd. (NYSE:BAP) by 126.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,361 shares of the bank’s stock after buying an additional 2,998 shares during the period. Wasatch Advisors LP’s holdings in Credicorp were worth $1,818,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BAP. Sovran Advisors LLC purchased a new position in Credicorp during the 4th quarter worth $1,358,000. Causeway Capital Management LLC raised its holdings in shares of Credicorp by 11.9% in the third quarter. Causeway Capital Management LLC now owns 215,628 shares of the bank’s stock valued at $57,417,000 after purchasing an additional 22,870 shares during the last quarter. Marshall Financial Group LLC purchased a new stake in shares of Credicorp in the fourth quarter valued at about $912,000. Capital World Investors bought a new position in shares of Credicorp during the third quarter valued at about $434,014,000. Finally, Ninety One North America Inc. lifted its position in shares of Credicorp by 9.9% during the fourth quarter. Ninety One North America Inc. now owns 166,814 shares of the bank’s stock valued at $47,876,000 after purchasing an additional 14,994 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Credicorp

In related news, CFO Alejandro Perez-Reyes sold 1,073 shares of Credicorp stock in a transaction dated Thursday, May 21st. The stock was 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 of the company’s stock, valued at approximately $588,937.50. This trade represents a 38.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Diego Antonio Cavero sold 3,500 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 7,307 shares in the company, valued at $2,330,933. This represents a 32.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 15.90% of the stock is currently owned by corporate insiders.

Credicorp Price Performance

Shares of NYSE BAP opened at $384.22 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $341.08 and a two-hundred day simple moving average of $330.98. Credicorp Ltd. has a 1-year low of $216.87 and a 1-year high of $398.52. The firm has a market cap of $36.26 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 0.83 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 return on equity of 20.61% and a net margin of 24.81%.The firm had revenue of $1.81 billion for the quarter. Analysts anticipate that Credicorp Ltd. will post 29.52 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on BAP. Weiss Ratings cut shares of Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, May 29th. JPMorgan Chase & Co. lowered shares of Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price objective for the company. in a research note on Monday, June 15th. HSBC raised 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 research report on Tuesday, May 19th. Morgan Stanley upgraded Credicorp from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $375.00 to $480.00 in a research note on Wednesday, June 17th. Finally, UBS Group upped their target price on Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Credicorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $377.00.

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.