Credicorp Ltd. $BAP Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Credicorp Ltd. (NYSE:BAP) by 52.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,900 shares of the bank’s stock after buying an additional 3,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Credicorp were worth $2,636,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Credicorp by 1.6% during the third quarter. Blue Trust Inc. now owns 2,843 shares of the bank’s stock valued at $757,000 after acquiring an additional 45 shares during the period. Smartleaf Asset Management LLC lifted its position in Credicorp by 37.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock valued at $55,000 after purchasing an additional 66 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Credicorp by 33.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 283 shares of the bank’s stock valued at $63,000 after purchasing an additional 71 shares during the period. Orion Porfolio Solutions LLC grew its position in Credicorp by 1.4% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 7,244 shares of the bank’s stock worth $1,619,000 after purchasing an additional 98 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Credicorp by 41.3% in the third quarter. CWM LLC now owns 339 shares of the bank’s stock valued at $90,000 after purchasing an additional 99 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BAP has been the subject of several analyst reports. Zacks Research upgraded Credicorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. UBS Group boosted their price target on Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. HSBC lowered Credicorp from a “buy” rating to a “hold” rating and raised their price target for the company from $225.00 to $255.00 in a report on Friday, September 5th. Hsbc Global Res raised shares of Credicorp to a “hold” rating in a report on Friday, September 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Credicorp in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $276.60.

Credicorp Stock Down 1.5%

BAP opened at $285.67 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $22.72 billion, a PE ratio of 12.87, a P/E/G ratio of 0.73 and a beta of 0.88. The stock’s fifty day moving average is $267.62 and its 200-day moving average is $253.38. Credicorp Ltd. has a one year low of $165.51 and a one year high of $292.00.

Credicorp (NYSE:BAP) last released its earnings results on Thursday, November 13th. The bank reported $6.17 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.71 billion. On average, equities analysts predict that Credicorp Ltd. will post 21.9 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.