Kestra Private Wealth Services LLC Buys New Shares in Credicorp Ltd. $BAP

Key Points

• Kestra Private Wealth Services LLC bought a new stake of 3,899 shares in Credicorp (NYSE: BAP) in the fourth quarter, valued at approximately $1.12 million.
• Several other institutions — including Pictet, UBS (which boosted its stake by 95%), Vanguard, Sanctuary and new buying from M&T Bank — increased or initiated positions in Q4, leaving institutional ownership at 89.81%.
• Analysts hold a consensus rating of Moderate Buy with an average target of $315.60 (UBS raised its target to $408), while Credicorp trades with a market cap of about $30.37B and a P/E of 13.24.

Kestra Private Wealth Services LLC bought a new stake in Credicorp Ltd. (NYSE:BAP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,899 shares of the bank's stock, valued at approximately $1,119,000.

Several other hedge funds have also made changes to their positions in the stock. Pictet Asset Management Holding SA lifted its stake in shares of Credicorp by 5.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 146,305 shares of the bank's stock valued at $41,990,000 after buying an additional 8,180 shares during the period. UBS Group AG lifted its stake in shares of Credicorp by 95.0% in the fourth quarter. UBS Group AG now owns 38,176 shares of the bank's stock valued at $10,957,000 after buying an additional 18,596 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Credicorp by 14.4% in the fourth quarter. Sanctuary Advisors LLC now owns 4,228 shares of the bank's stock valued at $1,213,000 after buying an additional 531 shares during the period. Vanguard Group Inc. lifted its stake in shares of Credicorp by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 631,318 shares of the bank's stock valued at $181,188,000 after buying an additional 15,670 shares during the period. Finally, M&T Bank Corp bought a new stake in shares of Credicorp in the fourth quarter valued at about $1,403,000. Institutional investors own 89.81% of the company's stock.

Credicorp Stock Performance

Credicorp stock opened at $321.83 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.02 and a quick ratio of 1.07. The stock has a fifty day moving average price of $336.03 and a two-hundred day moving average price of $307.07. Credicorp Ltd. has a 52-week low of $193.13 and a 52-week high of $380.20. The firm has a market capitalization of $30.37 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.72 and a beta of 0.87.

Credicorp (NYSE:BAP - Get Free Report) last released its quarterly earnings data on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. Credicorp had a return on equity of 20.43% and a net margin of 24.53%.The firm had revenue of $1.81 billion during the quarter. As a group, analysts anticipate that Credicorp Ltd. will post 29.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on BAP. UBS Group increased their target price 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. Zacks Research lowered shares of Credicorp from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Finally, The Goldman Sachs Group increased their price target on shares of Credicorp from $293.00 to $330.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 17th. Four equities research 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, Credicorp has a consensus rating of "Moderate Buy" and an average target price of $315.60.

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.

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