Federated Hermes Inc. Buys 4,800 Shares of Credicorp Ltd. $BAP

Federated Hermes Inc. raised its stake in shares of Credicorp Ltd. (NYSE:BAP) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,994 shares of the bank’s stock after purchasing an additional 4,800 shares during the period. Federated Hermes Inc.’s holdings in Credicorp were worth $21,833,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BAP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Credicorp in the 1st quarter valued at $78,000. Farther Finance Advisors LLC boosted its holdings in Credicorp by 193.0% during the second quarter. Farther Finance Advisors LLC now owns 665 shares of the bank’s stock valued at $149,000 after acquiring an additional 438 shares during the period. BSW Wealth Partners acquired a new stake in shares of Credicorp in the second quarter valued at about $204,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Credicorp by 9.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 225,351 shares of the bank’s stock worth $50,370,000 after purchasing an additional 19,378 shares during the period. Finally, DAVENPORT & Co LLC increased its stake in shares of Credicorp by 6.7% in the second quarter. DAVENPORT & Co LLC now owns 5,688 shares of the bank’s stock worth $1,271,000 after purchasing an additional 355 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Price Performance

Shares of BAP stock opened at $356.60 on Friday. Credicorp Ltd. has a 12 month low of $165.51 and a 12 month high of $365.42. The company has a market capitalization of $28.36 billion, a P/E ratio of 16.07, a P/E/G ratio of 0.82 and a beta of 0.89. The stock has a 50 day moving average of $295.78 and a two-hundred day moving average of $268.26. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.63.

Credicorp (NYSE:BAP) last released its quarterly earnings data on Thursday, November 13th. The bank reported $6.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.05 by $0.12. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Credicorp had a return on equity of 19.50% and a net margin of 23.59%. As a group, equities analysts expect that Credicorp Ltd. will post 21.9 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Credicorp in a report on Monday, December 29th. JPMorgan Chase & Co. increased their price objective on Credicorp from $242.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Wall Street Zen downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, The Goldman Sachs Group boosted their target price on shares of Credicorp from $263.00 to $293.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.