Alejandro Perez-Reyes Sells 1,073 Shares of Credicorp (NYSE:BAP) Stock

Credicorp Ltd. (NYSE:BAP) CFO Alejandro Perez-Reyes sold 1,073 shares of Credicorp stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $337.50, for a total transaction of $362,137.50. Following the transaction, the chief financial officer directly owned 1,745 shares of the company’s stock, valued at $588,937.50. This represents a 38.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Credicorp Price Performance

Shares of NYSE BAP opened at $349.11 on Thursday. Credicorp Ltd. has a twelve month low of $206.32 and a twelve month high of $380.20. The firm has a fifty day simple moving average of $331.67 and a 200 day simple moving average of $315.88. The company has a market capitalization of $32.95 billion, a PE ratio of 13.46, a P/E/G ratio of 0.78 and a beta of 0.87. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.36.

Credicorp (NYSE:BAP) last announced its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. The business had revenue of $1.81 billion during the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. On average, sell-side analysts forecast that Credicorp Ltd. will post 29.38 EPS for the current year.

Analysts Set New Price Targets

BAP has been the subject of a number of research reports. Weiss Ratings upgraded shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, May 15th. Zacks Research cut shares of Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. 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. 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 raised their price target on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. One investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $335.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BAP. Brown Brothers Harriman & Co. acquired a new position in shares of Credicorp during the third quarter valued at about $35,000. Raymond James Financial Inc. acquired a new position in shares of Credicorp during the second quarter valued at about $38,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Credicorp during the first quarter valued at about $40,000. Kestra Advisory Services LLC acquired a new position in shares of Credicorp during the fourth quarter valued at about $42,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Credicorp during the fourth quarter valued at about $46,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

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.