One Wealth Advisors LLC Makes New $668,000 Investment in Credicorp Ltd. $BAP

One Wealth Advisors LLC bought a new position in shares of Credicorp Ltd. (NYSE:BAPFree Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 1,715 shares of the bank’s stock, valued at approximately $668,000.

Other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new position in shares of Credicorp in the second quarter valued at about $3,464,000. Wasatch Advisors LP lifted its stake in shares of Credicorp by 65.9% in the 2nd quarter. Wasatch Advisors LP now owns 8,896 shares of the bank’s stock valued at $3,466,000 after purchasing an additional 3,535 shares during the period. Redhawk Wealth Advisors Inc. boosted its holdings in Credicorp by 4.5% during the second quarter. Redhawk Wealth Advisors Inc. now owns 4,369 shares of the bank’s stock worth $1,702,000 after buying an additional 187 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Credicorp by 36.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,282 shares of the bank’s stock worth $889,000 after acquiring an additional 609 shares during the last quarter. Finally, Confluence Investment Management LLC grew its holdings in Credicorp by 6.9% during the second quarter. Confluence Investment Management LLC now owns 946 shares of the bank’s stock valued at $369,000 after purchasing an additional 61 shares during the period. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Credicorp

In other news, CEO Diego Antonio Cavero sold 3,500 shares of the stock in a transaction dated 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Alejandro Perez-Reyes sold 1,073 shares of the firm’s stock in a transaction dated 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 transaction, 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 disclosure for this sale is available in the SEC filing. 15.90% of the stock is currently owned by insiders.

Credicorp Price Performance

NYSE BAP opened at $386.98 on Friday. The firm’s 50 day moving average is $383.23 and its 200-day moving average is $353.55. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $36.52 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90. Credicorp Ltd. has a 12-month low of $230.45 and a 12-month high of $413.24.

Analysts Set New Price Targets

Several brokerages have commented on BAP. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and upped their target price for the company from $320.00 to $350.00 in a research note on Tuesday, May 19th. The Goldman Sachs Group boosted their price target on shares of Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. UBS Group raised their price objective on Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Weiss Ratings upgraded Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, August 6th. Finally, Morgan Stanley raised Credicorp from an “equal weight” rating to an “overweight” rating and boosted their target price 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 given a Hold rating to the stock. Based on data from MarketBeat.com, Credicorp currently has an average rating of “Moderate Buy” and an average target price of $384.33.

Read Our Latest Research Report on BAP

About Credicorp

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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