Public Employees Retirement System of Ohio Trims Position in Credicorp Ltd. $BAP

Public Employees Retirement System of Ohio decreased its position in shares of Credicorp Ltd. (NYSE:BAP) by 39.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,025 shares of the bank’s stock after selling 53,210 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Credicorp were worth $27,482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of BAP. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Credicorp during the first quarter worth about $40,000. Brown Brothers Harriman & Co. acquired a new position in Credicorp in the 3rd quarter valued at about $35,000. Kestra Advisory Services LLC acquired a new position in Credicorp in the 4th quarter valued at about $42,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Credicorp in the 4th quarter valued at approximately $46,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Credicorp in the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Activity at Credicorp

In related news, CEO Diego Antonio Cavero sold 3,500 shares of Credicorp stock in a transaction that occurred on 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 approximately $2,330,933. This trade represents a 32.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Alejandro Perez-Reyes sold 1,073 shares of the business’s stock in a transaction that occurred 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 directly owned 1,745 shares in the company, valued at approximately $588,937.50. The trade was a 38.08% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 15.90% of the company’s stock.

Credicorp Price Performance

Shares of BAP opened at $388.77 on Friday. The firm has a 50-day simple moving average of $366.95 and a two-hundred day simple moving average of $345.92. The stock has a market cap of $36.69 billion, a PE ratio of 14.99, a P/E/G ratio of 0.84 and a beta of 0.88. Credicorp Ltd. has a 1-year low of $230.25 and a 1-year high of $403.30. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.02.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BAP shares. The Goldman Sachs Group raised their price target on shares of Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Weiss Ratings cut Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, May 29th. JPMorgan Chase & Co. lowered 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. UBS Group raised their target price on Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and lifted their target price for the company from $320.00 to $350.00 in a research report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $384.33.

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.