Brevan Howard Capital Management 13F: New $13M Stake in BAP

Brevan Howard Capital Management Establishes New Stake

Brevan Howard Capital Management opened a new position in Credicorp Ltd. (NYSE:BAP), picking up 33,802 shares during the period. The newly acquired holding carried a total value of about $13.2 million based on the filing details. This move adds to the firm's recent portfolio adjustments, which included trimming its American Express holdings and taking new positions in other sectors around the same time. Because 13F filings look backward to the end of the reporting period, this filing reflects holdings as of May 15, 2026 and may not represent the investor's current position.

Credicorp Stock Performance and Market Position

Credicorp shares recently traded at $389.58. The regional bank operates with a trailing P/E ratio of 14.6 and a forward P/E ratio of 11.4. The company has a market capitalization of roughly $31.0 billion and a beta of 0.84, showing lower volatility than the broader market. Over the past year, the equity has moved between a low of $230.45 and a high of $413.25.

Recent Earnings and Financial Health

Credicorp posted strong results in its recent reporting cycle, generating $22.3 billion in revenue with a revenue growth rate of 12.0%. The company achieved an earnings per share of $26.80, accompanied by a net profit margin of 33.1% and a return on equity of 20.4%. Observers will watch toward the company's next earnings report scheduled for November 9, 2026 for further operational updates.

Dividend Profile

Income-focused investors note that Credicorp offers an annual dividend rate of $14.41 per share, giving it a dividend yield of 3.77%. The payout ratio sits at 54.0%, balancing shareholder returns with retained earnings for continued banking operations across Latin America.

Analysts Set New Price Targets

Financial firms have updated their outlooks on the regional lender. On September 16, 2026, JP Morgan upgraded the stock with an overweight rating and raised its price target to $482.00 from $453.00. Earlier, on August 20, 2026, UBS maintained its buy rating while lifting its target to $473.00 from $412.00. Goldman Sachs kept a neutral rating with a target price of $374.00 on July 16, 2026. Across the broader analyst community, the consensus recommendation stands at a buy with a mean price target of $427.48.

About Credicorp Ltd.

Headquartered in Lima, Peru, Credicorp Ltd. provides universal banking, microfinance, insurance, and investment management services across several countries. The firm serves retail customers and corporate clients through specialized business units, ranging from digital payment platforms to private pension fund administration. Founded in 1889, the institution employs tens of thousands of people.

What to Watch at Credicorp Ltd.

Future 13F filings will show whether Brevan Howard holds or scales back its position in the Peruvian financial institution. Market participants will also review upcoming earnings results on November 9, 2026, alongside any further adjustments from major institutional investors like Euro Pacific Asset Management and Dodge & Cox.