Marshall Financial Group LLC Makes New Investment in Credicorp Ltd. $BAP

Marshall Financial Group LLC purchased a new stake in Credicorp Ltd. (NYSE:BAP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,178 shares of the bank’s stock, valued at approximately $912,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brown Brothers Harriman & Co. bought a new stake in shares of Credicorp during the 3rd quarter worth $35,000. MAI Capital Management raised its position in shares of Credicorp by 5,300.0% during the second quarter. MAI Capital Management now owns 162 shares of the bank’s stock worth $36,000 after purchasing an additional 159 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Credicorp during the second quarter worth $38,000. Spire Wealth Management purchased a new stake in shares of Credicorp during the third quarter valued at $42,000. Finally, Quarry LP purchased a new stake in shares of Credicorp during the third quarter valued at $46,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Stock Performance

Shares of BAP opened at $321.69 on Monday. The company has a market capitalization of $25.59 billion, a PE ratio of 13.23, a PEG ratio of 0.72 and a beta of 0.88. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.07 and a current ratio of 1.02. The company’s 50 day moving average price is $340.38 and its 200 day moving average price is $292.98. Credicorp Ltd. has a 52 week low of $165.51 and a 52 week high of $380.20.

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). Credicorp had a net margin of 24.53% and a return on equity of 20.43%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.77 billion. Research analysts expect that Credicorp Ltd. will post 21.9 EPS for the current fiscal year.

Analyst Ratings Changes

BAP has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Credicorp in a research note on Monday, December 29th. The Goldman Sachs Group upped their price objective on shares of Credicorp from $293.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Zacks Research cut shares of Credicorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Wall Street Zen downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $297.60.

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.