Paragon Capital Management Ltd Invests $233,000 in Credicorp Ltd. $BAP

Paragon Capital Management Ltd bought a new position in shares of Credicorp Ltd. (NYSE:BAP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,041 shares of the bank’s stock, valued at approximately $233,000.

Several other large investors have also made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in shares of Credicorp by 193.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 665 shares of the bank’s stock valued at $149,000 after purchasing an additional 438 shares during the period. Diversified Trust Co lifted its stake in shares of Credicorp by 166.6% in the 2nd quarter. Diversified Trust Co now owns 7,669 shares of the bank’s stock valued at $1,714,000 after purchasing an additional 4,792 shares during the period. Confluence Investment Management LLC acquired a new position in shares of Credicorp in the 2nd quarter valued at $201,000. Voya Investment Management LLC lifted its stake in shares of Credicorp by 2.4% in the 1st quarter. Voya Investment Management LLC now owns 5,088 shares of the bank’s stock valued at $947,000 after purchasing an additional 120 shares during the period. Finally, Inspire Investing LLC acquired a new position in shares of Credicorp in the 1st quarter valued at $744,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BAP. Hsbc Global Res upgraded shares of Credicorp to a “hold” rating in a research report on Friday, September 5th. UBS Group upped their price objective on shares of Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Citigroup upped their price objective on shares of Credicorp from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. HSBC lowered shares of Credicorp from a “buy” rating to a “hold” rating and upped their target price for the stock from $225.00 to $255.00 in a report on Friday, September 5th. Finally, Wall Street Zen raised shares of Credicorp from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Credicorp has an average rating of “Hold” and an average target price of $250.00.

Credicorp Stock Performance

NYSE:BAP opened at $263.34 on Friday. The firm’s fifty day moving average price is $252.64 and its 200 day moving average price is $220.39. Credicorp Ltd. has a 1-year low of $165.51 and a 1-year high of $280.88. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $20.95 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.12.

Credicorp (NYSE:BAP) last released its quarterly earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.51. Credicorp had a return on equity of 17.94% and a net margin of 23.22%.The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.52 billion. On average, sell-side analysts expect that Credicorp Ltd. will post 21.9 EPS for the current year.

Credicorp Profile

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.