1,429 Shares in Credicorp Ltd. $BAP Acquired by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC acquired a new position in shares of Credicorp Ltd. (NYSE:BAP) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,429 shares of the bank’s stock, valued at approximately $319,000.

Several other hedge funds have also recently bought and sold shares of the business. SVB Wealth LLC purchased a new stake in Credicorp during the first quarter worth approximately $35,000. MAI Capital Management lifted its holdings 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 in the last quarter. First Horizon Advisors Inc. boosted its position in Credicorp by 33.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 283 shares of the bank’s stock worth $63,000 after purchasing an additional 71 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Credicorp during the 1st quarter worth $78,000. Finally, Advisors Asset Management Inc. acquired a new stake in Credicorp in the 1st quarter valued at $88,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Trading Up 0.5%

Shares of BAP opened at $257.21 on Friday. Credicorp Ltd. has a one year low of $165.51 and a one year high of $280.88. The stock has a 50-day moving average price of $258.22 and a 200 day moving average price of $241.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $20.46 billion, a P/E ratio of 12.19, a P/E/G ratio of 0.71 and a beta of 1.09.

Credicorp (NYSE:BAP) last posted its quarterly earnings data on Thursday, November 13th. The bank reported $6.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.05 by $0.12. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.71 billion. Credicorp had a return on equity of 17.94% and a net margin of 23.22%. Sell-side analysts forecast that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on BAP shares. UBS Group boosted their price objective on Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. HSBC downgraded Credicorp from a “buy” rating to a “hold” rating and raised their target price for the company from $225.00 to $255.00 in a report on Friday, September 5th. JPMorgan Chase & Co. boosted their price target on Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Citigroup increased their price objective on shares of Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Finally, Zacks Research upgraded shares of Credicorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Credicorp currently has a consensus rating of “Moderate Buy” and an average price target of $265.17.

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.