Northern Trust Corp increased its stake in shares of Credicorp Ltd. (NYSE:BAP) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 433,310 shares of the bank’s stock after buying an additional 15,926 shares during the quarter. Northern Trust Corp owned about 0.55% of Credicorp worth $77,731,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in Credicorp by 50.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 846 shares of the bank’s stock worth $138,000 after acquiring an additional 282 shares during the period. US Bancorp DE increased its holdings in shares of Credicorp by 117.4% in the first quarter. US Bancorp DE now owns 1,248 shares of the bank’s stock valued at $204,000 after purchasing an additional 674 shares during the period. Blair William & Co. IL acquired a new position in shares of Credicorp in the second quarter valued at about $239,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Credicorp in the second quarter valued at about $247,000. Finally, Nomura Holdings Inc. acquired a new position in shares of Credicorp in the first quarter valued at about $254,000. 66.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Credicorp Ltd. (NYSE:BAP) opened at 205.02 on Monday. Credicorp Ltd. has a 52-week low of $144.23 and a 52-week high of $213.82. The firm’s market capitalization is $16.29 billion. The stock’s 50 day moving average price is $201.18 and its 200-day moving average price is $177.59.
A number of equities research analysts recently commented on BAP shares. Zacks Investment Research upgraded Credicorp from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $248.00 target price on shares of Credicorp in a report on Monday, September 11th. UBS AG set a $219.00 target price on Credicorp and gave the stock a “buy” rating in a report on Tuesday, August 15th. Bank of America Corporation cut Credicorp from a “buy” rating to a “neutral” rating in a research report on Monday, September 18th. Finally, Citigroup Inc. downgraded Credicorp from a “buy” rating to a “neutral” rating in a report on Friday. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Credicorp currently has a consensus rating of “Buy” and an average target price of $217.00.
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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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