Callan Family Office LLC acquired a new position in Credicorp Ltd. (NYSE:BAP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,298 shares of the bank's stock, valued at approximately $2,064,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in Credicorp in the third quarter worth approximately $35,000. Raymond James Financial Inc. acquired a new position in shares of Credicorp during the 2nd quarter worth $38,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Credicorp during the 1st quarter worth $40,000. Kestra Advisory Services LLC bought a new position in shares of Credicorp during the 4th quarter valued at $42,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Credicorp during the 4th quarter valued at $46,000. Institutional investors and hedge funds own 89.81% of the company's stock.
Credicorp Trading Up 2.2%
NYSE:BAP opened at $378.51 on Friday. Credicorp Ltd. has a 12 month low of $230.45 and a 12 month high of $413.24. The firm has a market cap of $35.72 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 0.74 and a beta of 0.90. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. The company's 50 day moving average is $385.34 and its 200-day moving average is $354.11.
Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The bank reported $7.33 earnings per share for the quarter, topping analysts' consensus estimates of $7.31 by $0.02. Credicorp had a net margin of 25.04% and a return on equity of 20.52%. The business had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.82 billion. Equities analysts anticipate that Credicorp Ltd. will post 29.41 EPS for the current year.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of 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. Morgan Stanley raised shares of Credicorp from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $375.00 to $480.00 in a research report on Wednesday, June 17th. The Goldman Sachs Group raised their target price on Credicorp from $329.00 to $374.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Weiss Ratings cut Credicorp from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday. Finally, UBS Group upped their price target on Credicorp from $412.00 to $473.00 and gave the stock a "buy" rating in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $418.40.
Check Out Our Latest Stock Report on BAP
Insiders Place Their Bets
In other Credicorp news, CEO Diego Antonio Cavero sold 3,500 shares of the business's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $319.00, for a total transaction of $1,116,500.00. Following the completion of the transaction, the chief executive officer owned 7,307 shares of the company's stock, valued at $2,330,933. The trade was a 32.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.90% of the stock is currently owned by corporate insiders.
About Credicorp
(
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.
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