Sanctuary Advisors LLC Buys Shares of 4,595 Credicorp Ltd. $BAP

Sanctuary Advisors LLC purchased a new position in shares of Credicorp Ltd. (NYSE:BAPFree Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,595 shares of the bank’s stock, valued at approximately $1,790,000.

Several other hedge funds also recently made changes to their positions in the business. M&T Bank Corp bought a new stake in Credicorp during the fourth quarter worth about $1,403,000. Principal Financial Group Inc. grew its stake in Credicorp by 98.9% in the fourth quarter. Principal Financial Group Inc. now owns 579,231 shares of the bank’s stock valued at $166,239,000 after purchasing an additional 288,056 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Credicorp during the 1st quarter worth approximately $1,800,000. Kestra Private Wealth Services LLC acquired a new position in shares of Credicorp during the 4th quarter worth approximately $1,119,000. Finally, USS Investment Management Ltd raised its stake in shares of Credicorp by 15.1% during the 4th quarter. USS Investment Management Ltd now owns 110,344 shares of the bank’s stock worth $31,684,000 after purchasing an additional 14,470 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on BAP shares. HSBC raised 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 research note on Tuesday, May 19th. Weiss Ratings downgraded shares of Credicorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. The Goldman Sachs Group boosted their price objective on shares of Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. cut shares of Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 target price on the stock. in a report on Monday, June 15th. Finally, Morgan Stanley upgraded shares of Credicorp from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $375.00 to $480.00 in a research note on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $418.40.

Read Our Latest Stock Report on Credicorp

Credicorp Stock Performance

BAP opened at $381.74 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day simple moving average of $385.93 and a 200 day simple moving average of $354.37. Credicorp Ltd. has a 1 year low of $230.45 and a 1 year high of $413.24. The company has a market capitalization of $36.03 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.75 and a beta of 0.90.

Credicorp (NYSE:BAPGet Free Report) last announced its earnings results on Friday, August 14th. The bank reported $7.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.31 by $0.02. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.82 billion. Credicorp had a net margin of 25.04% and a return on equity of 20.52%. Research analysts expect that Credicorp Ltd. will post 29.41 EPS for the current year.

Insider Buying and Selling at Credicorp

In other Credicorp news, 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 15.90% of the company’s stock.

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.

See Also

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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