Redhawk Wealth Advisors Inc. Buys Shares of 3,601 Credicorp Ltd. $BAP

Redhawk Wealth Advisors Inc. bought a new stake in shares of Credicorp Ltd. (NYSE:BAP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,601 shares of the bank’s stock, valued at approximately $959,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BAP. MAI Capital Management boosted its position in Credicorp by 5,300.0% during the 2nd quarter. MAI Capital Management now owns 162 shares of the bank’s stock valued at $36,000 after purchasing an additional 159 shares during the period. Raymond James Financial Inc. bought a new stake in Credicorp in the second quarter valued at $38,000. SVB Wealth LLC acquired a new position in shares of Credicorp during the first quarter valued at $35,000. Smartleaf Asset Management LLC grew its position in shares of Credicorp by 37.1% during the second quarter. Smartleaf Asset Management LLC now owns 244 shares of the bank’s stock worth $55,000 after acquiring an additional 66 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Credicorp by 33.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 283 shares of the bank’s stock worth $63,000 after acquiring an additional 71 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Stock Performance

BAP opened at $285.03 on Friday. The business has a 50 day moving average price of $261.46 and a two-hundred day moving average price of $248.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $22.67 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 0.71 and a beta of 0.90. Credicorp Ltd. has a 1-year low of $165.51 and a 1-year high of $287.05.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. HSBC lowered shares of Credicorp from a “buy” rating to a “hold” rating and boosted their target price for the company from $225.00 to $255.00 in a research note on Friday, September 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Credicorp in a research report on Monday. UBS Group increased their price objective on Credicorp from $257.00 to $318.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Wall Street Zen downgraded Credicorp from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. increased their price target on Credicorp from $242.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Credicorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $276.60.

Credicorp Company Profile

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.