Credicorp Ltd. $BAP Stock Holdings Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its position in shares of Credicorp Ltd. (NYSE:BAP) by 100.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,640 shares of the bank’s stock after buying an additional 4,320 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Credicorp were worth $2,301,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Credicorp in the 1st quarter valued at approximately $78,000. Callan Family Office LLC boosted its holdings in Credicorp by 232.0% in the second quarter. Callan Family Office LLC now owns 3,599 shares of the bank’s stock worth $804,000 after purchasing an additional 2,515 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Credicorp by 171.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 119,492 shares of the bank’s stock valued at $26,603,000 after purchasing an additional 75,487 shares during the last quarter. INCA Investments LLC increased its stake in Credicorp by 5.8% during the second quarter. INCA Investments LLC now owns 193,947 shares of the bank’s stock valued at $43,351,000 after purchasing an additional 10,687 shares during the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super raised its holdings in shares of Credicorp by 1.2% during the second quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 51,967 shares of the bank’s stock worth $11,616,000 after purchasing an additional 597 shares during the period. Institutional investors own 89.81% of the company’s stock.

Credicorp Trading Down 2.5%

Shares of NYSE:BAP opened at $347.89 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $310.43 and its 200 day moving average price is $275.30. The company has a market cap of $27.67 billion, a PE ratio of 15.68, a P/E/G ratio of 0.79 and a beta of 0.87. Credicorp Ltd. has a fifty-two week low of $165.51 and a fifty-two week high of $380.20.

Credicorp (NYSE:BAP) last announced its quarterly earnings results on Thursday, November 13th. The bank reported $6.17 EPS for the quarter, beating the consensus estimate of $6.05 by $0.12. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.71 billion. Credicorp had a net margin of 23.59% and a return on equity of 19.50%. Sell-side analysts anticipate that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BAP shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Credicorp in a report on Monday, December 29th. Wall Street Zen cut shares of Credicorp from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. The Goldman Sachs Group lifted their target price on Credicorp from $263.00 to $293.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Finally, JPMorgan Chase & Co. upped their target price on Credicorp from $242.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Credicorp has a consensus rating of “Moderate Buy” and a consensus target price of $290.20.

Credicorp 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.