16,168 Shares in Credicorp Ltd. $BAP Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP acquired a new stake in Credicorp Ltd. (NYSE:BAP) during the third quarter, according to its most recent filing with the SEC. The firm acquired 16,168 shares of the bank’s stock, valued at approximately $4,305,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in shares of Credicorp during the third quarter worth $35,000. MAI Capital Management lifted 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 acquiring an additional 159 shares during the period. Raymond James Financial Inc. bought a new position in Credicorp in the second quarter valued at about $38,000. Spire Wealth Management bought a new position in Credicorp in the third quarter valued at about $42,000. Finally, Quarry LP acquired a new stake in Credicorp in the third quarter worth about $46,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BAP. Weiss Ratings reissued a “buy (b)” rating on shares of Credicorp in a report on Monday, December 29th. JPMorgan Chase & Co. lifted their price target on shares of 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 boosted their price target on shares of Credicorp from $293.00 to $330.00 and gave the stock 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 report on Tuesday, February 24th. Finally, Wall Street Zen cut shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Credicorp currently has an average rating of “Moderate Buy” and an average target price of $297.60.

Credicorp Trading Down 3.2%

NYSE BAP opened at $324.03 on Thursday. Credicorp Ltd. has a 12 month low of $165.51 and a 12 month high of $380.20. The stock has a 50-day simple moving average of $339.50 and a 200 day simple moving average of $291.83. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $25.77 billion, a PE ratio of 13.33, a P/E/G ratio of 0.75 and a beta of 0.87.

Credicorp (NYSE:BAP) last issued its earnings results on Tuesday, February 17th. The bank reported $5.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.61 by ($0.73). The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.77 billion. Credicorp had a return on equity of 20.43% and a net margin of 24.53%. Research analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current 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.