Kestra Private Wealth Services LLC Makes New Investment in Credicorp Ltd. $BAP

Kestra Private Wealth Services LLC acquired a new position in shares of Credicorp Ltd. (NYSE:BAP) during the 4th quarter, Holdings Channel.com reports. The fund acquired 3,899 shares of the bank’s stock, valued at approximately $1,119,000.

Several other large investors have also recently added to or reduced their stakes in BAP. Capital World Investors bought a new stake in Credicorp during the third quarter worth about $434,014,000. William Blair Investment Management LLC grew its stake in Credicorp by 71.6% during the third 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 last quarter. Mondrian Investment Partners LTD bought a new stake in Credicorp during the third quarter worth about $78,211,000. Invesco Ltd. grew its stake in Credicorp by 27.4% during the third quarter. Invesco Ltd. now owns 1,349,408 shares of the bank’s stock worth $359,320,000 after buying an additional 290,585 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Credicorp by 125.5% during the second quarter. Bank of America Corp DE now owns 491,046 shares of the bank’s stock worth $109,759,000 after buying an additional 273,305 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 17th. UBS Group upped their price objective on shares of Credicorp from $318.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, Zacks Research lowered shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $315.60.

Credicorp Stock Down 0.7%

Shares of NYSE BAP opened at $321.83 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a 52-week low of $193.13 and a 52-week high of $380.20. The stock has a market cap of $30.37 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.72 and a beta of 0.87. The firm has a 50 day moving average price of $336.03 and a 200 day moving average price of $307.07.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share for the quarter. The firm had revenue of $1.81 billion for the quarter. Credicorp had a return on equity of 20.43% and a net margin of 24.53%. Analysts expect that Credicorp Ltd. will post 29.09 EPS for the current year.

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.