Wasatch Advisors LP Has $3.47 Million Position in Credicorp Ltd. $BAP

Wasatch Advisors LP boosted its stake in Credicorp Ltd. (NYSE:BAP) by 65.9% in the second quarter, Holdings Channel reports. The firm owned 8,896 shares of the bank’s stock after purchasing an additional 3,535 shares during the quarter. Wasatch Advisors LP’s holdings in Credicorp were worth $3,466,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BAP. Capital World Investors raised its position in shares of Credicorp by 34.7% in the 4th quarter. Capital World Investors now owns 2,195,404 shares of the bank’s stock valued at $630,081,000 after buying an additional 565,490 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Credicorp by 0.8% during the 1st quarter. Royal Bank of Canada now owns 1,721,926 shares of the bank’s stock worth $584,042,000 after acquiring an additional 13,249 shares in the last quarter. Invesco Ltd. increased its stake in Credicorp by 2.3% in the fourth quarter. Invesco Ltd. now owns 1,380,791 shares of the bank’s stock valued at $396,287,000 after acquiring an additional 31,383 shares during the last quarter. State Street Corp increased its stake in Credicorp by 5.5% in the fourth quarter. State Street Corp now owns 1,336,882 shares of the bank’s stock valued at $383,685,000 after acquiring an additional 69,329 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in Credicorp by 2.2% during the fourth quarter. Schroder Investment Management Group now owns 1,107,420 shares of the bank’s stock valued at $317,830,000 after purchasing an additional 23,777 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Weiss Ratings upgraded Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, August 6th. Morgan Stanley raised 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. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and increased their target price for the stock from $320.00 to $350.00 in a report on Tuesday, May 19th. UBS Group lifted their price target on shares of Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. downgraded 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. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $384.33.

Insider Buying and Selling at Credicorp

In other Credicorp news, CFO Alejandro Perez-Reyes sold 1,073 shares of Credicorp stock in a transaction that occurred on 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 directly owned 1,745 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Diego Antonio Cavero sold 3,500 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was 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 in the company, valued at $2,330,933. The trade was a 32.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 15.90% of the company’s stock.

Credicorp Stock Performance

Shares of BAP stock opened at $373.17 on Thursday. The stock has a market capitalization of $35.22 billion, a PE ratio of 14.39, a PEG ratio of 0.82 and a beta of 0.90. The business’s 50 day simple moving average is $380.95 and its 200 day simple moving average is $353.10. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.02. Credicorp Ltd. has a one year low of $230.45 and a one year high of $413.24.

Credicorp Company 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.