Goldman Sachs Group Inc. Lowers Position in Credicorp Ltd. $BAP

Goldman Sachs Group Inc. cut its stake in Credicorp Ltd. (NYSE:BAP) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 719,388 shares of the bank’s stock after selling 73,393 shares during the period. Goldman Sachs Group Inc. owned 0.90% of Credicorp worth $206,464,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BAP. Cigna Investments Inc. New increased its stake in shares of Credicorp by 2.8% during the fourth quarter. Cigna Investments Inc. New now owns 1,172 shares of the bank’s stock valued at $336,000 after purchasing an additional 32 shares in the last quarter. Perpetual Ltd increased its stake in shares of Credicorp by 0.5% during the fourth quarter. Perpetual Ltd now owns 6,418 shares of the bank’s stock valued at $1,842,000 after purchasing an additional 34 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Credicorp by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 10,162 shares of the bank’s stock valued at $2,916,000 after purchasing an additional 42 shares in the last quarter. Fiduciary Trust Co increased its stake in shares of Credicorp by 1.8% during the third quarter. Fiduciary Trust Co now owns 2,849 shares of the bank’s stock valued at $759,000 after purchasing an additional 50 shares in the last quarter. Finally, Natural Investments LLC increased its stake in shares of Credicorp by 1.6% during the fourth quarter. Natural Investments LLC now owns 3,292 shares of the bank’s stock valued at $944,000 after purchasing an additional 53 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Trading Down 1.3%

NYSE:BAP opened at $322.17 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. Credicorp Ltd. has a 12 month low of $212.31 and a 12 month high of $380.20. The company has a market cap of $30.41 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 0.70 and a beta of 0.89. The company has a 50 day simple moving average of $332.43 and a two-hundred day simple moving average of $319.27.

Credicorp (NYSE:BAP) last posted its earnings results on Sunday, February 1st. The bank reported $5.91 EPS for the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. The business had revenue of $1.81 billion during the quarter. Research analysts forecast that Credicorp Ltd. will post 29.61 earnings per share for the current year.

Insider Buying and Selling

In other Credicorp 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 value of $362,137.50. Following the completion of the sale, the chief financial officer owned 1,745 shares of the company’s stock, valued at approximately $588,937.50. The trade was a 38.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 15.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. 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. Zacks Research downgraded shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. JPMorgan Chase & Co. raised their target price on shares of Credicorp from $412.00 to $415.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. UBS Group raised their target price on shares of Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, The Goldman Sachs Group raised their target price on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $356.40.

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.