One Wealth Advisors LLC Takes Position in Credicorp Ltd. $BAP

One Wealth Advisors LLC acquired a new stake in Credicorp Ltd. (NYSE:BAP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,715 shares of the bank’s stock, valued at approximately $668,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new position in Credicorp during the third quarter worth $35,000. Raymond James Financial Inc. acquired a new stake in Credicorp in the second quarter valued at $38,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Credicorp in the 1st quarter valued at about $40,000. Kestra Advisory Services LLC bought a new position in shares of Credicorp in the 4th quarter valued at about $42,000. Finally, Quarry LP acquired a new position in shares of Credicorp during the 3rd quarter worth about $46,000. 89.81% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Diego Antonio Cavero sold 3,500 shares of the stock in a transaction dated Friday, June 5th. The shares were 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 of the company’s stock, valued at $2,330,933. This represents a 32.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alejandro Perez-Reyes sold 1,073 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $337.50, for a total transaction of $362,137.50. Following the sale, the chief financial officer owned 1,745 shares of the company’s stock, valued at approximately $588,937.50. This represents a 38.08% decrease in their position. The SEC filing for this sale provides additional information. 15.90% of the stock is owned by corporate insiders.

Credicorp Trading Up 3.2%

BAP stock opened at $386.98 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.02. The company has a fifty day moving average price of $383.23 and a two-hundred day moving average price of $353.55. Credicorp Ltd. has a one year low of $230.45 and a one year high of $413.24. The stock has a market cap of $36.52 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 0.84 and a beta of 0.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, August 6th. The Goldman Sachs Group lifted their price target on Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and lifted their price target for the stock from $320.00 to $350.00 in a report on Tuesday, May 19th. JPMorgan Chase & Co. lowered Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price objective on the stock. in a research note on Monday, June 15th. Finally, UBS Group upped their price objective on Credicorp from $408.00 to $412.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Credicorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $384.33.

Credicorp Company Profile

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.