1,824 Shares in Credicorp Ltd. $BAP Acquired by TD Asset Management Inc

TD Asset Management Inc bought a new stake in shares of Credicorp Ltd. (NYSE:BAP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,824 shares of the bank’s stock, valued at approximately $486,000.

Other large investors have also recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in Credicorp in the third quarter worth approximately $42,000. MAI Capital Management lifted its position in shares of Credicorp by 5,300.0% during the 2nd quarter. MAI Capital Management now owns 162 shares of the bank’s stock valued at $36,000 after acquiring an additional 159 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Credicorp during the 2nd quarter worth $38,000. First Horizon Corp bought a new stake in shares of Credicorp during the 3rd quarter worth $59,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Credicorp by 37.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock worth $55,000 after acquiring an additional 66 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BAP has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Credicorp in a research report on Monday, December 29th. Wall Street Zen cut Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. The Goldman Sachs Group boosted their price objective on Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a report 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.60.

Credicorp Price Performance

BAP opened at $331.43 on Friday. The firm has a market capitalization of $26.36 billion, a P/E ratio of 13.63, a PEG ratio of 0.76 and a beta of 0.87. The stock has a fifty day moving average of $332.85 and a 200-day moving average of $287.19. 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 Ltd. has a 12-month low of $165.51 and a 12-month high of $380.20.

Credicorp (NYSE:BAP) 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). The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Credicorp had a net margin of 24.53% and a return on equity of 20.43%. Equities analysts forecast 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.