Credicorp Ltd. $BAP Shares Bought by Callan Family Office LLC

Callan Family Office LLC grew its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 232.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,599 shares of the bank’s stock after buying an additional 2,515 shares during the period. Callan Family Office LLC’s holdings in Credicorp were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new position in Credicorp during the 1st quarter worth approximately $35,000. Cullen Frost Bankers Inc. acquired a new position in Credicorp during the 1st quarter worth approximately $40,000. Farther Finance Advisors LLC increased its position in Credicorp by 2,170.0% during the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the bank’s stock worth $44,000 after purchasing an additional 217 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Credicorp during the 1st quarter worth approximately $78,000. Finally, Advisors Asset Management Inc. acquired a new position in Credicorp during the 1st quarter worth approximately $88,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BAP shares. Hsbc Global Res raised Credicorp to a “hold” rating in a research note on Friday, September 5th. HSBC cut Credicorp from a “buy” rating to a “hold” rating and upped their price target for the stock from $225.00 to $255.00 in a report on Friday, September 5th. The Goldman Sachs Group upgraded Credicorp from a “sell” rating to a “neutral” rating and upped their price target for the stock from $174.00 to $225.00 in a report on Thursday, July 24th. Zacks Research upgraded Credicorp from a “hold” rating to a “strong-buy” rating in a report on Friday, September 26th. Finally, Citigroup upped 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $250.00.

Credicorp Price Performance

BAP stock opened at $257.98 on Tuesday. 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 quick ratio of 1.08 and a current ratio of 1.08. The stock’s 50 day moving average price is $258.71 and its 200 day moving average price is $226.32. The firm has a market cap of $20.52 billion, a P/E ratio of 12.23, a PEG ratio of 0.69 and a beta of 1.11.

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