Sei Investments Co. Has $105.65 Million Stake in Credicorp Ltd. $BAP

Sei Investments Co. grew its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 9.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 311,487 shares of the bank’s stock after acquiring an additional 28,157 shares during the period. Sei Investments Co.’s holdings in Credicorp were worth $105,651,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Credicorp during the 1st quarter worth approximately $78,000. Cetera Investment Advisers lifted its position in shares of Credicorp by 36.3% during the 2nd quarter. Cetera Investment Advisers now owns 1,786 shares of the bank’s stock valued at $399,000 after acquiring an additional 476 shares during the period. State Street Corp boosted its stake in Credicorp by 1.6% during the second quarter. State Street Corp now owns 1,197,536 shares of the bank’s stock worth $267,673,000 after acquiring an additional 19,361 shares in the last quarter. Nebula Research & Development LLC bought a new position in Credicorp during the second quarter worth $355,000. Finally, Quantinno Capital Management LP grew its holdings in Credicorp by 24.7% in the second quarter. Quantinno Capital Management LP now owns 5,468 shares of the bank’s stock worth $1,222,000 after purchasing an additional 1,083 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Performance

NYSE BAP opened at $388.51 on Friday. The company’s 50 day simple moving average is $365.49 and its two-hundred day simple moving average is $345.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.02. Credicorp Ltd. has a 1 year low of $230.25 and a 1 year high of $403.30. The stock has a market capitalization of $36.67 billion, a PE ratio of 14.98, a P/E/G ratio of 0.86 and a beta of 0.88.

Insider Activity

In other Credicorp news, CEO Diego Antonio Cavero sold 3,500 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $319.00, for a total value of $1,116,500.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Alejandro Perez-Reyes sold 1,073 shares of the firm’s stock in a transaction dated 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 directly owned 1,745 shares in the company, valued at approximately $588,937.50. The trade was a 38.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 15.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and increased their price objective for the stock from $320.00 to $350.00 in a research report on Tuesday, May 19th. The Goldman Sachs Group upped their price target on 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 Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price objective for the company. in a research note on Monday, June 15th. Weiss Ratings lowered shares of Credicorp from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Finally, UBS Group raised their target price on Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $384.33.

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.