GSA Capital Partners LLP Purchases New Shares in Credicorp Ltd. $BAP

GSA Capital Partners LLP purchased a new position in Credicorp Ltd. (NYSE:BAP) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,505 shares of the bank’s stock, valued at approximately $401,000.

Other hedge funds also recently bought and sold shares of the company. One Wealth Advisors LLC increased its position in shares of Credicorp by 2.5% in the third quarter. One Wealth Advisors LLC now owns 1,781 shares of the bank’s stock worth $474,000 after acquiring an additional 43 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Credicorp by 1.6% in the 3rd quarter. Blue Trust Inc. now owns 2,843 shares of the bank’s stock valued at $757,000 after acquiring an additional 45 shares in the last quarter. Rhumbline Advisers boosted its stake in Credicorp by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 14,412 shares of the bank’s stock worth $3,838,000 after purchasing an additional 59 shares during the period. Smartleaf Asset Management LLC grew its position in Credicorp by 37.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock worth $55,000 after purchasing an additional 66 shares in the last quarter. Finally, First Horizon Advisors Inc. raised 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. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Performance

BAP stock opened at $354.96 on Thursday. The firm has a 50 day moving average of $325.23 and a two-hundred day moving average of $282.99. Credicorp Ltd. has a 12 month low of $165.51 and a 12 month high of $380.20. The company has a market capitalization of $28.23 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 0.80 and a beta of 0.87. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.63.

Credicorp (NYSE:BAP) last issued its quarterly earnings data 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 company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.77 billion. Credicorp had a net margin of 24.53% and a return on equity of 21.54%. As a group, equities analysts anticipate that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analysts Set New Price Targets

BAP has been the subject of several recent analyst reports. Wall Street Zen cut Credicorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. JPMorgan Chase & Co. raised their price objective on Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. The Goldman Sachs Group upped their target price on Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Credicorp in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $297.60.

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.