Farther Finance Advisors LLC Buys 438 Shares of Credicorp Ltd. $BAP

Farther Finance Advisors LLC lifted its stake in Credicorp Ltd. (NYSE:BAP) by 193.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 665 shares of the bank’s stock after buying an additional 438 shares during the period. Farther Finance Advisors LLC’s holdings in Credicorp were worth $149,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SVB Wealth LLC bought a new stake in shares of Credicorp in the first quarter valued at about $35,000. Cullen Frost Bankers Inc. bought a new stake in shares of Credicorp in the first quarter valued at about $40,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Credicorp in the first quarter valued at about $78,000. Advisors Asset Management Inc. bought a new position in Credicorp during the first quarter worth about $88,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Credicorp during the first quarter worth about $108,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Trading Down 1.1%

Shares of NYSE:BAP opened at $259.23 on Friday. Credicorp Ltd. has a 52-week low of $165.51 and a 52-week high of $280.88. The company has a market capitalization of $20.62 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 0.71 and a beta of 1.11. The company has a 50-day simple moving average of $255.17 and a 200 day simple moving average of $222.51. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.08 and a current ratio of 1.08.

Credicorp (NYSE:BAP) last issued its quarterly earnings data 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. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.52 billion. Credicorp had a net margin of 23.22% and a return on equity of 17.94%. Sell-side analysts forecast that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

BAP has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Credicorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. Citigroup upped their target price on shares of Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. HSBC cut shares of Credicorp from a “buy” rating to a “hold” rating and upped their price objective for the company from $225.00 to $255.00 in a research report on Friday, September 5th. The Goldman Sachs Group upgraded Credicorp from a “sell” rating to a “neutral” rating and increased their target price for the stock from $174.00 to $225.00 in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded Credicorp from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.00.

About Credicorp

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.