Vident Advisory LLC Buys 1,957 Shares of Credicorp Ltd. $BAP

Key Points

• Vident Advisory LLC increased its stake in Credicorp Ltd. by 19.1% during the first quarter, acquiring an additional 1,957 shares, bringing its total to 12,227 shares valued at $2,276,000.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Credicorp, with target price adjustments, including Citigroup raising its target from $255.00 to $275.00.
• Credicorp reported earnings of $6.24 per share for the last quarter, exceeding analysts' estimates of $5.73, along with a revenue of $1.58 billion, surpassing expectations of $1.52 billion.

Vident Advisory LLC lifted its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 19.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,227 shares of the bank's stock after buying an additional 1,957 shares during the quarter. Vident Advisory LLC's holdings in Credicorp were worth $2,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of BAP. Wells Fargo & Company MN increased its position in shares of Credicorp by 45.7% during the fourth quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock valued at $127,000 after buying an additional 217 shares during the period. First Trust Advisors LP increased its position in shares of Credicorp by 42.0% during the fourth quarter. First Trust Advisors LP now owns 3,298 shares of the bank's stock valued at $605,000 after buying an additional 975 shares during the period. Voya Investment Management LLC increased its position in shares of Credicorp by 23.9% during the fourth quarter. Voya Investment Management LLC now owns 4,968 shares of the bank's stock valued at $911,000 after buying an additional 959 shares during the period. Northern Trust Corp increased its position in shares of Credicorp by 54.0% during the fourth quarter. Northern Trust Corp now owns 438,539 shares of the bank's stock valued at $80,393,000 after buying an additional 153,810 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Credicorp by 250.7% during the fourth quarter. Jane Street Group LLC now owns 18,995 shares of the bank's stock valued at $3,482,000 after buying an additional 13,579 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BAP. The Goldman Sachs Group raised shares of Credicorp from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $174.00 to $225.00 in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of Credicorp from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Citigroup upped their price objective on shares of Credicorp from $255.00 to $275.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. UBS Group restated a "buy" rating on shares of Credicorp in a report on Monday, June 2nd. Finally, HSBC cut shares of Credicorp from a "buy" rating to a "hold" rating and upped their price objective for the stock from $225.00 to $255.00 in a report on Friday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Credicorp currently has an average rating of "Moderate Buy" and an average price target of $239.83.

Credicorp Stock Up 0.5%

Shares of NYSE BAP traded up $1.25 during midday trading on Friday, hitting $261.23. The stock had a trading volume of 586,372 shares, compared to its average volume of 354,772. The business's 50 day moving average is $240.17 and its 200-day moving average is $211.72. The company has a market cap of $20.78 billion, a P/E ratio of 14.21, a PEG ratio of 0.72 and a beta of 1.12. Credicorp Ltd. has a 52 week low of $165.51 and a 52 week high of $263.92. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.49.

Credicorp (NYSE:BAP - Get Free Report) last issued its earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.51. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.52 billion. Credicorp had a net margin of 20.94% and a return on equity of 16.25%. As a group, analysts predict that Credicorp Ltd. will post 21.9 EPS for the current year.

About Credicorp

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.