Insider Selling: Credicorp (NYSE:BAP) CFO Sells $362,137.50 in Stock

Credicorp Ltd. (NYSE:BAP) CFO Alejandro Perez-Reyes sold 1,073 shares of the firm’s 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 transaction, the chief financial officer directly 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 the SEC website.

Credicorp Trading Down 2.1%

NYSE BAP opened at $340.87 on Friday. The firm has a 50 day simple moving average of $331.78 and a 200-day simple moving average of $316.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.02. Credicorp Ltd. has a one year low of $206.60 and a one year high of $380.20. The firm has a market cap of $32.17 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.76 and a beta of 0.87.

Credicorp (NYSE:BAP) last posted its quarterly 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 company had revenue of $1.81 billion during the quarter. Equities research analysts anticipate that Credicorp Ltd. will post 29.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Credicorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Credicorp during the 1st quarter worth $40,000. Brown Brothers Harriman & Co. purchased a new stake in Credicorp in the 3rd quarter valued at $35,000. Kestra Advisory Services LLC purchased a new stake in Credicorp in the 4th quarter valued at $42,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Credicorp in the 4th quarter valued at $46,000. Finally, Raymond James Financial Inc. purchased a new stake in Credicorp in the 2nd quarter valued at $38,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on BAP shares. Weiss Ratings upgraded shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, May 15th. JPMorgan Chase & Co. boosted their price target on shares of Credicorp from $412.00 to $415.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group boosted their price target on shares of Credicorp from $408.00 to $412.00 and gave the stock a “buy” rating in a report on Tuesday. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and boosted their price target for the stock from $320.00 to $350.00 in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group boosted their price target on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.