Morgan Stanley Upgrades Credicorp Ltd. to 'Buy'

Morgan Stanley has upgraded Credicorp Ltd. (NYSE:BAP) to a 'buy' rating, setting a new price target of $480. This change, announced on June 17, 2026, by analyst Jorge Kuri, suggests increased confidence in the financial services company.

Other Institutional Activity in Credicorp Ltd.

BlackRock, Inc. increased its position in Credicorp, adding 706,477 shares to reach a total of 4,755,303 shares, valued at about $1.61 billion. Capital World Investors also boosted its stake, adding 1,710,995 shares for a total of 3,906,399 shares worth approximately $1.32 billion. In contrast, Dodge & Cox trimmed its holdings by 460,765 shares, leaving it with 3,410,175 shares valued at $1.16 billion. FMR LLC and Massachusetts Financial Services Co both reduced their positions slightly.

Credicorp Ltd. Stock Snapshot

Shares of Credicorp Ltd. traded near $364.28. The company has a market cap of $28.94 billion and a P/E ratio of 13.95. Its forward P/E sits at 11.00, reflecting expectations of future earnings growth. The stock's 52-week range is between $213.75 and $380.20, with a 50-day moving average of $334.83 and a 200-day moving average of $304.89.

Recent Earnings

Credicorp reported revenue of $21.92 billion, with a revenue growth rate of 25.6%. The company's net margin stands at 32.9%, and it achieved a return on equity of 19.15%. The next earnings report is expected on August 13, 2026.

Dividend

The company offers an annual dividend rate of $14.41, yielding 3.96%. Its dividend payout ratio is 45.11%, indicating a balanced approach between returning capital to shareholders and retaining earnings for growth.

Insider Buying and Selling at Credicorp Ltd.

On June 5, 2026, Diego Antonio Cavero, CEO and Head of Universal Banking, sold 3,500 shares at an average price of $319. Earlier, on May 21, 2026, CFO Alejandro Perez-Reyes sold 1,073 shares at $337.50 per share.

Analysts Set New Price Targets

On June 17, 2026, Morgan Stanley upgraded Credicorp Ltd. to a 'buy' rating with a $480 price target. Previously, on May 28, 2026, JP Morgan maintained its 'buy' rating with a $415 target. UBS also maintained a 'buy' rating with a $412 target on May 26, 2026. The consensus among analysts is a 'buy', with an average target price of $370.43 based on 13 opinions.

About Credicorp Ltd.

Credicorp Ltd., headquartered in Lima, Peru, is a leading financial services provider in Latin America. The company operates through various segments, including Universal Banking, Insurance, and Investment Management. It offers a wide range of banking products and services across several countries, including Peru, Bermuda, and Colombia. Led by CEO Gianfranco Ferrari, Credicorp employs over 51,500 people.

Bottom Line

Morgan Stanley's upgrade to a 'buy' reflects a positive outlook for Credicorp Ltd., with a new price target of $480. The stock's current trading price and institutional activity suggest strong interest. As always, remember that analyst ratings are based on past performance and projections, which may not reflect future outcomes.