Federated Hermes Inc. Has $21.83 Million Stake in Credicorp Ltd. $BAP

Federated Hermes Inc. raised its position in shares of Credicorp Ltd. (NYSE:BAP) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,994 shares of the bank’s stock after purchasing an additional 4,800 shares during the quarter. Federated Hermes Inc. owned 0.10% of Credicorp worth $21,833,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Credicorp in the first quarter worth $78,000. Farther Finance Advisors LLC grew its stake in Credicorp by 193.0% during the 2nd quarter. Farther Finance Advisors LLC now owns 665 shares of the bank’s stock valued at $149,000 after acquiring an additional 438 shares in the last quarter. BSW Wealth Partners purchased a new position in Credicorp during the 2nd quarter valued at about $204,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Credicorp by 9.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 225,351 shares of the bank’s stock valued at $50,370,000 after purchasing an additional 19,378 shares during the period. Finally, DAVENPORT & Co LLC lifted its position in shares of Credicorp by 6.7% in the second quarter. DAVENPORT & Co LLC now owns 5,688 shares of the bank’s stock worth $1,271,000 after purchasing an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Down 2.4%

Credicorp stock opened at $356.60 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.63. Credicorp Ltd. has a 1-year low of $165.51 and a 1-year high of $365.42. The firm’s fifty day simple moving average is $295.78 and its 200-day simple moving average is $268.26. The company has a market capitalization of $28.36 billion, a P/E ratio of 16.07, a P/E/G ratio of 0.82 and a beta of 0.89.

Credicorp (NYSE:BAP) last posted its earnings results on Thursday, November 13th. The bank reported $6.17 EPS for the quarter, topping the consensus estimate of $6.05 by $0.12. Credicorp had a net margin of 23.59% and a return on equity of 19.50%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.71 billion. Sell-side analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BAP. JPMorgan Chase & Co. boosted their price objective 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. Wall Street Zen lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. The Goldman Sachs Group upped their price target on shares of Credicorp from $263.00 to $293.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings reissued 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 three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $290.20.

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.