According to Zacks, “CreditCorp LTD is a limited liability company to act as a holding company, to coordinate the policy and administration of its subsidiaries and engage in investing activities. Credicorp’s principal objective is to coordinate and manage the business plans of its subsidiaries in an effort to implement universal banking services in Peru, while diversifying regionally. They conduct their financial business exclusively through its subsidiaries “
BAP has been the topic of a number of other research reports. ValuEngine lowered shares of Credicorp from a hold rating to a sell rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. upgraded shares of Credicorp from a neutral rating to an overweight rating and increased their target price for the stock from $232.00 to $250.00 in a research report on Tuesday. Finally, HSBC upgraded shares of Credicorp from a hold rating to a buy rating and increased their target price for the stock from $245.00 to $250.00 in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $258.00.
Large investors have recently made changes to their positions in the business. CIBC World Markets Inc. bought a new stake in shares of Credicorp during the 1st quarter worth approximately $251,000. First Quadrant L P CA bought a new stake in shares of Credicorp during the 2nd quarter worth approximately $298,000. Comerica Bank lifted its holdings in shares of Credicorp by 15.0% during the 1st quarter. Comerica Bank now owns 5,509 shares of the bank’s stock worth $1,331,000 after acquiring an additional 718 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Credicorp by 1.5% during the 1st quarter. Lazard Asset Management LLC now owns 569,537 shares of the bank’s stock worth $136,659,000 after acquiring an additional 8,157 shares during the period. Finally, Renaissance Group LLC lifted its holdings in shares of Credicorp by 1.0% during the 1st quarter. Renaissance Group LLC now owns 70,858 shares of the bank’s stock worth $17,002,000 after acquiring an additional 669 shares during the period. Hedge funds and other institutional investors own 67.53% of the company’s stock.
Credicorp Ltd., a financial services holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.
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