Credicorp rises as investors continue to price in rating upgrade and strong first-quarter results

Credicorp Ltd. (BAP) is up 6.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be continued follow-through buying after Credicorp disclosed a credit-rating upgrade last week, which can improve funding flexibility and reduce perceived risk. The move also looks supported by the company’s record first-quarter earnings and a recently paid annual cash dividend, even though there does not appear to be a major new company-specific announcement today.

Details:

Credicorp disclosed on June 9 that its long-term foreign-currency rating was upgraded to BBB+ from BBB, with a stable outlook.

In first-quarter 2026 results, the company reported record net income of S/2,063 million and a record 21.1% return on equity.

Total loans rose 8.2% year over year in the first quarter, while the company said asset quality improved, with its non-performing loan ratio at 4.3% and cost of risk at 1.3%.

The board also declared a cash dividend of S/50.00 per share, which was paid on June 12, reinforcing the company’s capital return story.

Sources:

Credicorp, SEC, Stock Analysis

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$BAP Insider Trading Activity

$BAP insiders have traded $BAP stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $BAP stock by insiders over the last 6 months:

DIEGO ANTONIO CAVERO (CEO Head Universal Banking) sold 3,500 shares for an estimated $1,116,500
ALEJANDRO PEREZ-REYES (CFO) sold 1,073 shares for an estimated $362,137

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$BAP Hedge Fund Activity

We have seen 213 institutional investors add shares of $BAP stock to their portfolio, and 215 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS added 1,710,995 shares (+77.9%) to their portfolio in Q1 2026, for an estimated $580,335,284
BLACKROCK, INC. added 706,477 shares (+17.4%) to their portfolio in Q1 2026, for an estimated $239,622,868
ARGA INVESTMENT MANAGEMENT, LP removed 698,243 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $236,830,060
BANK OF NOVA SCOTIA removed 511,961 shares (-61.7%) from their portfolio in Q1 2026, for an estimated $173,646,931
DODGE & COX removed 460,765 shares (-11.9%) from their portfolio in Q1 2026, for an estimated $156,282,272
CAPITAL RESEARCH GLOBAL INVESTORS added 459,435 shares (+inf%) to their portfolio in Q1 2026, for an estimated $155,831,163
ACADIAN ASSET MANAGEMENT LLC added 334,363 shares (+104.0%) to their portfolio in Q1 2026, for an estimated $113,409,242

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$BAP Price Targets

Multiple analysts have issued price targets for $BAP recently. We have seen 5 analysts offer price targets for $BAP in the last 6 months, with a median target of $412.0.

Here are some recent targets:

Jorge Kuri from Morgan Stanley set a target price of $480.0 on 06/17/2026
Yuri Fernandes from JP Morgan set a target price of $415.0 on 06/15/2026
Thiago Batista from UBS set a target price of $412.0 on 05/26/2026
Carlos Gomez-Lopez from HSBC set a target price of $350.0 on 05/19/2026
Tito Labarta from Goldman Sachs set a target price of $330.0 on 02/17/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.