Credicorp Ltd. $BAP Position Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 122.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,182 shares of the bank’s stock after purchasing an additional 10,542 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Credicorp were worth $5,506,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BAP. Brown Brothers Harriman & Co. bought a new stake in Credicorp during the third quarter worth approximately $35,000. Raymond James Financial Inc. bought a new stake in Credicorp during the second quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Credicorp during the fourth quarter worth approximately $46,000. Quarry LP bought a new stake in Credicorp during the third quarter worth approximately $46,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Credicorp by 37.1% during the second quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock worth $55,000 after buying an additional 66 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Up 2.9%

BAP stock opened at $342.89 on Friday. Credicorp Ltd. has a 12-month low of $199.78 and a 12-month high of $380.20. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.36. The company has a market cap of $32.36 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.75 and a beta of 0.87. The company has a 50 day moving average of $330.76 and a two-hundred day moving average of $313.54.

Credicorp (NYSE:BAP) last released its earnings results on Sunday, February 1st. The bank reported $5.91 earnings per share (EPS) for the quarter. Credicorp had a net margin of 24.81% and a return on equity of 20.61%. The company had revenue of $1.81 billion during the quarter. On average, equities analysts anticipate that Credicorp Ltd. will post 29.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BAP has been the subject of a number of research reports. The Goldman Sachs Group raised their target price on shares of 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. Weiss Ratings raised shares of Credicorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, May 15th. UBS Group raised their price objective on shares of Credicorp from $318.00 to $408.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Finally, HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and raised their price objective for the stock from $320.00 to $350.00 in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $334.60.

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.