Credicorp Ltd. $BAP Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Credicorp Ltd. (NYSE:BAP) by 2,670.9% in the first quarter, Holdings Channel reports. The institutional investor owned 32,336 shares of the bank’s stock after purchasing an additional 31,169 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Credicorp were worth $10,968,000 as of its most recent filing with the SEC.

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

Credicorp Price Performance

NYSE:BAP opened at $389.30 on Tuesday. Credicorp Ltd. has a 12 month low of $216.87 and a 12 month high of $403.30. The stock has a 50 day moving average of $354.70 and a two-hundred day moving average of $339.82. 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 firm has a market cap of $36.74 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 0.87 and a beta of 0.88.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings downgraded Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. cut 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 upped 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. HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and increased their target price for the company from $320.00 to $350.00 in a research report on Tuesday, May 19th. Finally, Morgan Stanley raised shares of Credicorp from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $375.00 to $480.00 in a research note on Wednesday, June 17th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $377.00.

Insider Buying and Selling at Credicorp

In other Credicorp 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 transaction of $362,137.50. Following the sale, the chief financial officer owned 1,745 shares of the company’s stock, valued at $588,937.50. The trade was a 38.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Diego Antonio Cavero sold 3,500 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $319.00, for a total transaction of $1,116,500.00. Following the sale, the chief executive officer directly owned 7,307 shares of the company’s stock, valued at $2,330,933. The trade was a 32.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 15.90% of the stock is currently owned by corporate insiders.

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.