Credicorp Ltd. (BAP) Stake Boosted by Vanguard Group Inc.
Vanguard Group Inc. grew its position in shares of Credicorp Ltd. (NYSE:BAP) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,406,803 shares of the bank’s stock after acquiring an additional 95,458 shares during the period. Vanguard Group Inc. owned about 3.03% of Credicorp worth $431,756,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of BAP. Tower Research Capital LLC TRC raised its stake in shares of Credicorp by 50.0% during the first quarter. Tower Research Capital LLC TRC now owns 846 shares of the bank’s stock valued at $138,000 after acquiring an additional 282 shares during the last quarter. US Bancorp DE raised its stake in shares of Credicorp by 117.4% during the first quarter. US Bancorp DE now owns 1,248 shares of the bank’s stock valued at $204,000 after acquiring an additional 674 shares during the last quarter. Blair William & Co. IL bought a new position in shares of Credicorp during the second quarter valued at about $239,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Credicorp during the second quarter valued at about $247,000. Finally, Nomura Holdings Inc. bought a new position in shares of Credicorp during the first quarter valued at about $254,000. 66.43% of the stock is owned by hedge funds and other institutional investors.
BAP has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $248.00 price objective on shares of Credicorp in a research note on Monday, September 11th. Citigroup Inc. downgraded shares of Credicorp from a “buy” rating to a “neutral” rating in a research note on Friday, September 29th. BidaskClub raised shares of Credicorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, UBS AG set a $219.00 price target on shares of Credicorp and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $221.00.
Credicorp Ltd. (NYSE:BAP) opened at 208.85 on Thursday. The company’s market capitalization is $16.60 billion. Credicorp Ltd. has a 1-year low of $144.23 and a 1-year high of $213.83. The company has a 50-day moving average of $205.08 and a 200-day moving average of $180.99.
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Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.
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