Credicorp Ltd. $BAP Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 122.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,182 shares of the bank’s stock after acquiring an additional 10,542 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Credicorp were worth $5,506,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in Credicorp during the third quarter worth about $35,000. Raymond James Financial Inc. acquired a new stake in Credicorp during the second quarter worth about $38,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Credicorp during the fourth quarter worth about $46,000. Quarry LP acquired a new stake in Credicorp during the third quarter worth about $46,000. Finally, Smartleaf Asset Management LLC raised its stake in Credicorp by 37.1% during the second quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock worth $55,000 after acquiring an additional 66 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group increased 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. Zacks Research lowered shares of Credicorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings upgraded shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, May 15th. HSBC upgraded shares of Credicorp from a “hold” rating to a “buy” rating and raised their price target for the company from $320.00 to $350.00 in a research note on Tuesday. Finally, UBS Group raised their price target on shares of Credicorp from $318.00 to $408.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $334.60.

Credicorp Trading Up 2.9%

Credicorp stock opened at $342.89 on Friday. The firm has a 50 day simple moving average of $330.76 and a 200-day simple moving average of $313.54. 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 stock has a market capitalization of $32.36 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 0.75 and a beta of 0.87. Credicorp Ltd. has a 12-month low of $199.78 and a 12-month high of $380.20.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. The business had revenue of $1.81 billion during the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. As a group, equities research analysts expect that Credicorp Ltd. will post 29.09 EPS for the current fiscal year.

About Credicorp

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.