Federated Hermes Inc. Decreases Stock Holdings in Credicorp Ltd. $BAP

Federated Hermes Inc. lowered its holdings in Credicorp Ltd. (NYSE:BAP) by 51.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,194 shares of the bank’s stock after selling 82,266 shares during the period. Federated Hermes Inc.’s holdings in Credicorp were worth $17,254,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MAI Capital Management raised its stake in shares of Credicorp by 5,300.0% during the 2nd quarter. MAI Capital Management now owns 162 shares of the bank’s stock worth $36,000 after purchasing an additional 159 shares during the period. SVB Wealth LLC purchased a new stake in Credicorp during the first quarter worth about $35,000. First Horizon Advisors Inc. raised its position in Credicorp by 33.5% in the second quarter. First Horizon Advisors Inc. now owns 283 shares of the bank’s stock worth $63,000 after acquiring an additional 71 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Credicorp in the first quarter worth about $78,000. Finally, Advisors Asset Management Inc. purchased a new position in Credicorp in the first quarter valued at about $88,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

NYSE:BAP opened at $276.86 on Thursday. The business’s fifty day moving average is $258.83 and its 200 day moving average is $245.64. The firm has a market cap of $22.02 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 0.70 and a beta of 0.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.07 and a current ratio of 1.07. Credicorp Ltd. has a 52-week low of $165.51 and a 52-week high of $280.88.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on BAP. Citigroup raised their price target on shares of Credicorp from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Zacks Research raised Credicorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. upped their price target on Credicorp from $242.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Hsbc Global Res raised Credicorp to a “hold” rating in a report on Friday, September 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Credicorp in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $265.17.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.