Williamson Legacy Group LLC Has $288,000 Stake in Credicorp Ltd. $BAP

Williamson Legacy Group LLC decreased its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 78.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,004 shares of the bank’s stock after selling 3,639 shares during the period. Williamson Legacy Group LLC’s holdings in Credicorp were worth $288,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Cigna Investments Inc. New raised its holdings in Credicorp by 2.8% during the 4th quarter. Cigna Investments Inc. New now owns 1,172 shares of the bank’s stock worth $336,000 after purchasing an additional 32 shares during the last quarter. Perpetual Ltd raised its holdings in Credicorp by 0.5% during the 4th quarter. Perpetual Ltd now owns 6,418 shares of the bank’s stock worth $1,842,000 after purchasing an additional 34 shares during the last quarter. One Wealth Advisors LLC raised its holdings in Credicorp by 2.5% during the 3rd quarter. One Wealth Advisors LLC now owns 1,781 shares of the bank’s stock worth $474,000 after purchasing an additional 43 shares during the last quarter. Fiduciary Trust Co raised its holdings in Credicorp by 1.8% during the 3rd 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, Natural Investments LLC raised its holdings in Credicorp by 1.6% during the 4th quarter. Natural Investments LLC now owns 3,292 shares of the bank’s stock worth $944,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Transactions at Credicorp

In related news, CFO Alejandro Perez-Reyes sold 1,073 shares of Credicorp stock in a transaction on Thursday, May 21st. The shares were 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 15.90% of the company’s stock.

Credicorp Stock Performance

NYSE BAP opened at $351.86 on Wednesday. The company has a fifty day simple moving average of $331.34 and a 200 day simple moving average of $315.25. Credicorp Ltd. has a 12-month low of $202.09 and a 12-month high of $380.20. 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 company has a market cap of $33.21 billion, a P/E ratio of 13.56, a PEG ratio of 0.74 and a beta of 0.87.

Credicorp (NYSE:BAP) last posted its quarterly 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 during the quarter. Sell-side analysts predict that Credicorp Ltd. will post 29.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BAP shares. Weiss Ratings upgraded shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, May 15th. UBS Group raised their price target on shares of Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a report on Tuesday. Zacks Research lowered shares of Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and raised their price target for the stock from $320.00 to $350.00 in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group lifted their price objective on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $335.40.

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.