Quantitative Systematic Strategies LLC purchased a new position in Credicorp Ltd. (NYSE:BAP) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,226 shares of the bank’s stock, valued at approximately $251,000.
Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of Credicorp by 8.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,816,921 shares of the bank’s stock valued at $505,327,000 after acquiring an additional 213,085 shares during the period. Vanguard Group Inc. boosted its stake in Credicorp by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,406,803 shares of the bank’s stock worth $431,756,000 after purchasing an additional 95,458 shares during the period. Genesis Asset Managers LLP boosted its stake in Credicorp by 6.6% in the 2nd quarter. Genesis Asset Managers LLP now owns 2,260,335 shares of the bank’s stock worth $405,481,000 after purchasing an additional 139,292 shares during the period. FMR LLC boosted its stake in Credicorp by 14.7% in the 2nd quarter. FMR LLC now owns 1,707,394 shares of the bank’s stock worth $306,289,000 after purchasing an additional 218,893 shares during the period. Finally, Nordea Investment Management AB boosted its stake in Credicorp by 1.3% in the 2nd quarter. Nordea Investment Management AB now owns 1,333,036 shares of the bank’s stock worth $239,133,000 after purchasing an additional 16,691 shares during the period. 66.04% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $248.00 target price on shares of Credicorp in a research report on Monday, September 11th. Bank of America Corporation lowered Credicorp from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. UBS AG set a $219.00 price target on Credicorp and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, Citigroup Inc. lowered Credicorp from a “buy” rating to a “neutral” rating in a research note on Friday, September 29th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Credicorp currently has a consensus rating of “Buy” and an average target price of $224.25.
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Shares of Credicorp Ltd. (NYSE BAP) traded down $2.24 during midday trading on Friday, reaching $206.56. The company’s stock had a trading volume of 279,000 shares, compared to its average volume of 278,220. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.25 and a current ratio of 1.22. The firm has a market capitalization of $16,592.66, a P/E ratio of 15.17, a PEG ratio of 1.23 and a beta of 0.84. Credicorp Ltd. has a fifty-two week low of $146.03 and a fifty-two week high of $213.82.
Credicorp Company Profile
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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