Callan Family Office LLC Grows Stock Position in Credicorp Ltd. $BAP

Callan Family Office LLC lifted its stake in Credicorp Ltd. (NYSE:BAP) by 232.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,599 shares of the bank’s stock after purchasing an additional 2,515 shares during the period. Callan Family Office LLC’s holdings in Credicorp were worth $804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Shell Asset Management Co. raised its stake in Credicorp by 54.7% in the second quarter. Shell Asset Management Co. now owns 6,670 shares of the bank’s stock valued at $1,491,000 after buying an additional 2,358 shares in the last quarter. DAVENPORT & Co LLC raised its stake in Credicorp by 6.7% in the second quarter. DAVENPORT & Co LLC now owns 5,688 shares of the bank’s stock valued at $1,271,000 after buying an additional 355 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Credicorp by 9.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 225,351 shares of the bank’s stock valued at $50,370,000 after buying an additional 19,378 shares in the last quarter. BSW Wealth Partners acquired a new stake in Credicorp in the second quarter valued at $204,000. Finally, LBP AM SA raised its stake in Credicorp by 2.5% in the second quarter. LBP AM SA now owns 29,440 shares of the bank’s stock valued at $6,580,000 after buying an additional 717 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wall Street Zen upgraded Credicorp from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Citigroup raised their price target on Credicorp from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Hsbc Global Res upgraded Credicorp to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Credicorp in a research report on Saturday, September 27th. Finally, The Goldman Sachs Group upgraded Credicorp from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $174.00 to $225.00 in a research report on Thursday, July 24th. One investment 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 stock has an average rating of “Moderate Buy” and a consensus target price of $250.00.

Credicorp Stock Performance

Shares of BAP stock opened at $257.98 on Tuesday. The stock has a market capitalization of $20.52 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11. Credicorp Ltd. has a 52-week low of $165.51 and a 52-week high of $280.88. The stock’s 50-day moving average price is $258.71 and its 200 day moving average price is $226.32. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.49.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, August 14th. The bank reported $6.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.51. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Credicorp had a return on equity of 17.94% and a net margin of 23.22%. As a group, equities research analysts forecast 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.