Caisse de depot et placement du Quebec Buys Shares of 54,759 Credicorp Ltd. $BAP

Caisse de depot et placement du Quebec acquired a new stake in shares of Credicorp Ltd. (NYSE:BAPFree Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 54,759 shares of the bank’s stock, valued at approximately $21,333,000. Caisse de depot et placement du Quebec owned approximately 0.06% of Credicorp as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. TD Asset Management Inc raised its holdings in shares of Credicorp by 1.6% during the 4th quarter. TD Asset Management Inc now owns 1,853 shares of the bank’s stock valued at $532,000 after purchasing an additional 29 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Credicorp by 21.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 180 shares of the bank’s stock worth $52,000 after purchasing an additional 32 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Credicorp by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 10,162 shares of the bank’s stock worth $2,916,000 after buying an additional 42 shares during the last quarter. Fiduciary Trust Co increased its position in Credicorp by 1.8% during the third quarter. Fiduciary Trust Co now owns 2,849 shares of the bank’s stock worth $759,000 after buying an additional 50 shares during the last quarter. Finally, CWM LLC raised its holdings in Credicorp by 16.2% during the fourth quarter. CWM LLC now owns 394 shares of the bank’s stock valued at $113,000 after buying an additional 55 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In other news, CEO Diego Antonio Cavero sold 3,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 7,307 shares in the company, valued at $2,330,933. The trade was a 32.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Morgan Stanley raised Credicorp from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $375.00 to $480.00 in a research report on Wednesday, June 17th. JPMorgan Chase & Co. downgraded Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price objective on the stock. in a research note on Monday, June 15th. The Goldman Sachs Group boosted their target price on Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. UBS Group upped their target price on Credicorp from $412.00 to $473.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Finally, HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and increased their price target for the company from $320.00 to $350.00 in a report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $418.40.

View Our Latest Stock Analysis on Credicorp

Credicorp Stock Down 1.0%

BAP stock opened at $369.53 on Friday. The stock has a market capitalization of $34.88 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.73 and a beta of 0.90. The company has a 50-day moving average of $385.48 and a two-hundred day moving average of $354.60. Credicorp Ltd. has a 52-week low of $230.45 and a 52-week high of $413.24. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00.

Credicorp (NYSE:BAPGet Free Report) last posted its quarterly earnings data on Friday, August 14th. The bank reported $7.33 EPS for the quarter, topping analysts’ consensus estimates of $7.31 by $0.02. Credicorp had a return on equity of 20.52% and a net margin of 25.04%.The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.82 billion. As a group, equities research analysts anticipate that Credicorp Ltd. will post 29.41 EPS for the current year.

Credicorp Profile

(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.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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