Diego Antonio Cavero Sells 3,500 Shares of Credicorp (NYSE:BAP) Stock

Credicorp Ltd. (NYSE:BAP) CEO Diego Antonio Cavero sold 3,500 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $319.00, for a total transaction of $1,116,500.00. Following the completion of the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Credicorp Stock Performance

Shares of BAP opened at $352.27 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $33.25 billion, a P/E ratio of 13.58, a P/E/G ratio of 0.76 and a beta of 0.89. The company’s fifty day moving average is $333.45 and its two-hundred day moving average is $321.62. Credicorp Ltd. has a 1 year low of $213.75 and a 1 year high of $380.20.

Credicorp (NYSE:BAP) last announced its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. The company had revenue of $1.81 billion for the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. On average, sell-side analysts predict that Credicorp Ltd. will post 29.61 earnings per share for the current year.

Hedge Funds Weigh In On Credicorp

Hedge funds have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Credicorp during the 1st quarter worth about $40,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Credicorp during the 3rd quarter worth about $35,000. Kestra Advisory Services LLC acquired a new stake in shares of Credicorp during the 4th quarter worth about $42,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Credicorp during the 4th quarter worth about $46,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Credicorp during the 2nd quarter worth about $38,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BAP shares. JPMorgan Chase & Co. increased their price target on shares of Credicorp from $412.00 to $415.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. UBS Group raised their target price on shares of Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Zacks Research downgraded 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 target price for the company from $320.00 to $350.00 in a report on Tuesday, May 19th. Finally, Weiss Ratings downgraded shares of Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $356.40.

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.