Williamson Legacy Group LLC Sells 3,639 Shares of Credicorp Ltd. $BAP

Williamson Legacy Group LLC reduced its position in shares of Credicorp Ltd. (NYSE:BAP) by 78.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,004 shares of the bank’s stock after selling 3,639 shares during the period. Williamson Legacy Group LLC’s holdings in Credicorp were worth $288,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Summitry LLC lifted its holdings in Credicorp by 13.9% during the 4th quarter. Summitry LLC now owns 1,331 shares of the bank’s stock valued at $382,000 after purchasing an additional 162 shares during the last quarter. Legal & General Group Plc lifted its holdings in Credicorp by 5.6% during the 4th quarter. Legal & General Group Plc now owns 586,488 shares of the bank’s stock valued at $168,322,000 after purchasing an additional 30,866 shares during the last quarter. Swedbank AB lifted its holdings in Credicorp by 33.3% during the 4th quarter. Swedbank AB now owns 56,602 shares of the bank’s stock valued at $16,245,000 after purchasing an additional 14,142 shares during the last quarter. Guinness Asset Management LTD lifted its holdings in Credicorp by 19.3% during the 4th quarter. Guinness Asset Management LTD now owns 2,095 shares of the bank’s stock valued at $610,000 after purchasing an additional 339 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Credicorp by 44.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 188 shares of the bank’s stock valued at $54,000 after purchasing an additional 58 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Insider Activity at Credicorp

In other news, CFO Alejandro Perez-Reyes sold 1,073 shares of Credicorp stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 1,745 shares in the company, valued at $588,937.50. The trade was a 38.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.90% of the stock is currently owned by corporate insiders.

Credicorp Trading Up 5.3%

Shares of NYSE BAP opened at $351.86 on Wednesday. Credicorp Ltd. has a 1-year low of $202.09 and a 1-year high of $380.20. The company has a market cap of $33.21 billion, a PE ratio of 13.56, a P/E/G ratio of 0.74 and a beta of 0.87. 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 company has a 50-day moving average of $331.34 and a two-hundred day moving average of $315.25.

Credicorp (NYSE:BAP) last announced its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. The company had revenue of $1.81 billion during the quarter. As a group, equities analysts expect that Credicorp Ltd. will post 29.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on BAP shares. Zacks Research downgraded shares of Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $320.00 to $350.00 in a research note on Tuesday, May 19th. The Goldman Sachs Group boosted their target price on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. Weiss Ratings raised shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, May 15th. Finally, UBS Group boosted their target price on shares of Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $335.40.

Credicorp Company Profile

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.