3,178 Shares in Credicorp Ltd. $BAP Acquired by Marshall Financial Group LLC

Key Points

• Marshall Financial Group bought a new stake of 3,178 shares of Credicorp (NYSE: BAP) in the fourth quarter, valued at about $912,000, and institutional investors now own roughly 89.81% of the company.
• Credicorp's latest quarter showed an EPS miss of $5.88 versus expectations of $6.61, though revenue beat at $1.95 billion; the bank reported a net margin of 24.53% and a return on equity of 20.43%.
• Analyst sentiment is mixed but positive overall with a consensus rating of "Moderate Buy" and an average price target of $297.60; Goldman Sachs raised its target to $330 while the stock was trading around $321.69 (52‑week range: $165.51–$380.20).

Marshall Financial Group LLC bought a new stake in Credicorp Ltd. (NYSE:BAP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,178 shares of the bank's stock, valued at approximately $912,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new position in shares of Credicorp in the third quarter worth $35,000. MAI Capital Management raised its stake in shares of Credicorp by 5,300.0% during the second quarter. MAI Capital Management now owns 162 shares of the bank's stock valued at $36,000 after purchasing an additional 159 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Credicorp during the second quarter valued at about $38,000. Spire Wealth Management acquired a new stake in Credicorp in the third quarter worth about $42,000. Finally, Quarry LP acquired a new stake in Credicorp in the third quarter worth about $46,000. Institutional investors own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of Credicorp from $293.00 to $330.00 and gave the company 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 reiterated a "buy (b)" rating on shares of Credicorp in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Credicorp from a "buy" rating to a "hold" rating in a research note on Saturday, December 20th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $297.60.

Credicorp Price Performance

NYSE:BAP opened at $321.69 on Monday. The business's 50-day moving average price is $340.38 and its 200 day moving average price is $292.98. The firm has a market cap of $25.59 billion, a P/E ratio of 13.23, a PEG ratio of 0.72 and a beta of 0.88. Credicorp Ltd. has a 52-week low of $165.51 and a 52-week high of $380.20. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.36.

Credicorp (NYSE:BAP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The bank reported $5.88 earnings per share for the quarter, missing analysts' consensus estimates of $6.61 by ($0.73). Credicorp had a net margin of 24.53% and a return on equity of 20.43%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.77 billion. As a group, sell-side analysts predict that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

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.

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