Credicorp (BAP)

• Market cap: $14.5B
• 1 day: 1.09%
• 5 days: -3.44%
• 1 month: -5.55%
• 3 months: 1.52%
• 6 months: 14.56%
• Year to date: 22.55%
• 1 year: 20.33%
• 5 years: -15.02%
• 10 years: 14.03%

About: Credicorp Ltd is a Peruvian financial services company. It operates in four business lines including Universal Banking, Insurance and Pensions, Microfinance, and Investment Management & Advisory. Its subsidiaries include Banco de Credito del Peru, Prima AFP, and Credicorp Capital.

Employees: 38,758

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

459% more call options, than puts

Call options by funds: $3.06M | Put options by funds: $547K

30% more funds holding in top 10

Funds holding in top 10: 10 [Q2] → 13 (+3) [Q3]

15% more capital invested

Capital invested by funds: $8.82B [Q2] → $10.1B (+$1.31B) [Q3]

1.63% more ownership

Funds ownership: 68.78% [Q2] → 70.41% (+1.63%) [Q3]

4% less funds holding

Funds holding: 311 [Q2] → 299 (-12) [Q3]

11% less repeat investments, than reductions

Existing positions increased: 105 | Existing positions reduced: 118

28% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 43

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $160 12% downside
• Avg. target: $196 7% upside
• High target: $219 20% upside

3 analyst ratings

• positive: 1 33%
• neutral: 1 33%
• negative: 1 33%

B of A Securities Ernesto Gabilondo 100% 1-year accuracy 1 / 1 met price target	14% upside $208	Neutral Downgraded	16 Dec 2024
JP Morgan Yuri Fernandes 62% 1-year accuracy 8 / 13 met price target	20% upside $219	Overweight Maintained	12 Nov 2024
Goldman Sachs Tito Labarta 25% 1-year accuracy 4 / 16 met price target	12% downside $160	Sell Maintained	8 Oct 2024