Key Points
- Credicorp CFO Alejandro Perez-Reyes sold 1,073 shares on May 21 at an average price of $337.50, totaling about $362,137.50. After the sale, he still owned 1,745 shares, and the transaction reduced his position by 38.08%.
- Credicorp’s stock was trading higher, opening at $351.86 and up 5.3% in the report. The company has a market value of $33.21 billion, with a 52-week range of $202.09 to $380.20.
- Analysts remain cautiously positive on the stock, with a consensus rating of “Moderate Buy” and an average price target of $335.40. Recent rating changes included UBS and HSBC raising their targets and bullish outlooks, while some firms maintained neutral or hold views.
Credicorp Ltd. (NYSE:BAP - Get Free Report) CFO Alejandro Perez-Reyes sold 1,073 shares of Credicorp stock in a transaction 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 $588,937.50. The trade was a 38.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Credicorp Stock Up 5.3%
BAP opened at $351.86 on Wednesday. The company has a fifty day moving average of $331.34 and a two-hundred day moving average of $315.25. Credicorp Ltd. has a fifty-two week low of $202.09 and a fifty-two week high of $380.20. The stock has a market capitalization of $33.21 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 0.74 and a beta of 0.87. 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 (NYSE:BAP - Get Free Report) last announced its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. The business had revenue of $1.81 billion for the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. On average, research analysts expect that Credicorp Ltd. will post 29.38 earnings per share for the current year.
Institutional Investors Weigh In On Credicorp
Several large investors have recently added to or reduced their stakes in BAP. Capital World Investors purchased a new stake in Credicorp during the 3rd quarter worth approximately $434,014,000. Norges Bank purchased a new stake in Credicorp during the 4th quarter worth approximately $150,814,000. William Blair Investment Management LLC increased its stake in Credicorp by 71.6% during the 3rd quarter. William Blair Investment Management LLC now owns 820,073 shares of the bank's stock worth $218,369,000 after buying an additional 342,308 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new stake in Credicorp during the 4th quarter worth approximately $89,754,000. Finally, Mondrian Investment Partners LTD purchased a new stake in Credicorp during the 3rd quarter worth approximately $78,211,000. 89.81% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Credicorp from $408.00 to $412.00 and gave the company a "buy" rating in a research note on Tuesday. Weiss Ratings raised shares of Credicorp from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Friday, May 15th. The Goldman Sachs Group boosted their price target 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. Zacks Research downgraded shares of Credicorp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Finally, HSBC raised shares of Credicorp from a "hold" rating to a "buy" rating and boosted their price target for the company from $320.00 to $350.00 in a research note on Tuesday, May 19th. One equities 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. Based on data from MarketBeat, Credicorp has a consensus rating of "Moderate Buy" and an average target price of $335.40.
View Our Latest Report on BAP
Credicorp Company Profile
(
Get 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
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
