Credicorp slides as Peru election uncertainty rattles local financials

Credicorp Ltd. (BAP) is down 9.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks most consistent with a Peru country-risk repricing rather than a company-specific headline, as prolonged vote counting and shifting rankings in Peru’s presidential election have increased uncertainty around the policy outlook for domestically exposed financials. With Credicorp’s earnings power closely tied to Peru via Banco de Crédito del Perú and related businesses, the ADR can react sharply when investors de-risk Peru exposure.

Details:

Peru’s presidential election count has stretched for several days, with shifting candidates near the top of the tally, raising uncertainty about who advances to the June 7 runoff and what the eventual policy mix could look like.

Macro sensitivity remains high for Peruvian banks; the IMF’s recent 2026 consultation commentary highlighted the still-restrictive stance of monetary policy (policy rate cited at 4.25% as of late February 2026), keeping investor focus on growth and credit conditions.

Credicorp has also been in “wait-and-see” mode on shareholder distributions: its board approved an updated dividend policy framework in late February, while regular annual dividend decisions are typically handled separately later in the process.

Operationally, the next major scheduled catalyst is the company’s Q1 2026 earnings release and conference call (mid-May), which can also lead to position trimming ahead of results in volatile tape.

Sources:

Associated Press, Credicorp Investor Relations, International Monetary Fund

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

$BAP Hedge Fund Activity

We have seen 215 institutional investors add shares of $BAP stock to their portfolio, and 160 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 3,003,401 shares (-73.8%) from their portfolio in Q4 2025, for an estimated $861,976,087
DODGE & COX removed 1,028,775 shares (-21.0%) from their portfolio in Q4 2025, for an estimated $295,258,425
CAPITAL WORLD INVESTORS added 565,490 shares (+34.7%) to their portfolio in Q4 2025, for an estimated $162,295,630
PRINCIPAL FINANCIAL GROUP INC added 288,056 shares (+98.9%) to their portfolio in Q4 2025, for an estimated $82,672,072
FIL LTD added 211,340 shares (+3764.5%) to their portfolio in Q4 2025, for an estimated $60,654,580
WESTWOOD GLOBAL INVESTMENTS, LLC removed 209,581 shares (-11.6%) from their portfolio in Q4 2025, for an estimated $60,149,747
BANK OF NOVA SCOTIA removed 201,482 shares (-19.5%) from their portfolio in Q4 2025, for an estimated $57,825,334

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$BAP Analyst Ratings

Wall Street analysts have issued reports on $BAP in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Overweight" rating on 11/21/2025

To track analyst ratings and price targets for $BAP, check out Quiver Quantitative's $BAP forecast page.

$BAP Price Targets

Multiple analysts have issued price targets for $BAP recently. We have seen 2 analysts offer price targets for $BAP in the last 6 months, with a median target of $320.0.

Here are some recent targets:

Tito Labarta from Goldman Sachs set a target price of $330.0 on 02/17/2026
Yuri Fernandes from JP Morgan set a target price of $310.0 on 11/21/2025

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.