GSA Capital Partners LLP Buys Shares of 1,505 Credicorp Ltd. $BAP

GSA Capital Partners LLP purchased a new stake in shares of Credicorp Ltd. (NYSE:BAP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,505 shares of the bank’s stock, valued at approximately $401,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BAP. MAI Capital Management increased its position in Credicorp by 5,300.0% in 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 period. Raymond James Financial Inc. bought a new position in shares of Credicorp in the second quarter worth $38,000. Spire Wealth Management bought a new position in shares of Credicorp in the third quarter worth $42,000. Smartleaf Asset Management LLC increased its holdings in shares of Credicorp by 37.1% during the second quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock valued at $55,000 after purchasing an additional 66 shares during the period. Finally, First Horizon Corp bought a new stake in shares of Credicorp during the third quarter valued at about $59,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BAP. JPMorgan Chase & Co. increased their target price on shares of Credicorp from $242.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Credicorp in a report on Monday, December 29th. Wall Street Zen lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, The Goldman Sachs Group boosted their target price on Credicorp from $293.00 to $330.00 and gave the stock a “neutral” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.60.

Credicorp Stock Up 0.7%

NYSE BAP opened at $354.96 on Thursday. 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 P/E ratio of 14.60, a PEG ratio of 0.80 and a beta of 0.87. The company’s 50 day simple moving average is $325.23 and its 200 day simple moving average is $282.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.07.

Credicorp (NYSE:BAP) last posted its quarterly earnings results on Tuesday, February 17th. The bank reported $5.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.61 by ($0.73). The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.77 billion. Credicorp had a return on equity of 21.54% and a net margin of 24.53%. Equities research analysts expect that Credicorp Ltd. will post 21.9 earnings per share 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.