Federated Hermes Inc. Has $17.25 Million Position in Credicorp Ltd. $BAP

Federated Hermes Inc. trimmed its holdings in Credicorp Ltd. (NYSE:BAP) by 51.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,194 shares of the bank’s stock after selling 82,266 shares during the quarter. Federated Hermes Inc. owned about 0.10% of Credicorp worth $17,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. MAI Capital Management increased its holdings in Credicorp by 5,300.0% in the second quarter. MAI Capital Management now owns 162 shares of the bank’s stock worth $36,000 after purchasing an additional 159 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Credicorp during the 1st quarter worth approximately $35,000. First Horizon Advisors Inc. increased its stake in shares of Credicorp by 33.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 283 shares of the bank’s stock valued at $63,000 after acquiring an additional 71 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Credicorp in the 1st quarter valued at $78,000. Finally, Advisors Asset Management Inc. acquired a new position in shares of Credicorp during the 1st quarter valued at $88,000. Institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. UBS Group raised their price target on shares of Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Zacks Research upgraded Credicorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 26th. Wall Street Zen raised Credicorp from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Citigroup increased their price target on Credicorp from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Credicorp in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Credicorp has a consensus rating of “Moderate Buy” and a consensus target price of $265.17.

Credicorp Stock Up 0.2%

BAP stock opened at $276.86 on Thursday. Credicorp Ltd. has a twelve month low of $165.51 and a twelve month high of $280.88. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average is $258.83 and its 200-day moving average is $245.64. The firm has a market capitalization of $22.02 billion, a PE ratio of 12.48, a P/E/G ratio of 0.70 and a beta of 0.90.

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

Credicorp Company 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.