Credicorp Ltd. (NYSE:BAP) has earned a consensus rating of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $221.00.

Several equities analysts have recently weighed in on the stock. Bank of America Corporation cut shares of Credicorp from a “buy” rating to a “neutral” rating in a research note on Monday, September 18th. UBS AG cut shares of Credicorp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. BidaskClub raised shares of Credicorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research cut shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Citigroup Inc. cut shares of Credicorp from a “buy” rating to a “neutral” rating in a research note on Friday, September 29th.

Several large investors have recently added to or reduced their stakes in the stock. Banco BTG Pactual S.A. bought a new position in shares of Credicorp in the second quarter valued at $628,000. Wasatch Advisors Inc. grew its stake in shares of Credicorp by 16.2% in the second quarter. Wasatch Advisors Inc. now owns 76,352 shares of the bank’s stock valued at $13,697,000 after buying an additional 10,668 shares in the last quarter. Grandeur Peak Global Advisors LLC grew its stake in shares of Credicorp by 7.3% in the second quarter. Grandeur Peak Global Advisors LLC now owns 89,350 shares of the bank’s stock valued at $16,028,000 after buying an additional 6,075 shares in the last quarter. Nomura Holdings Inc. grew its stake in shares of Credicorp by 167.1% in the second quarter. Nomura Holdings Inc. now owns 4,138 shares of the bank’s stock valued at $742,000 after buying an additional 2,589 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Credicorp by 21.5% in the second quarter. The Manufacturers Life Insurance Company now owns 116,801 shares of the bank’s stock valued at $20,954,000 after buying an additional 20,666 shares in the last quarter. 66.43% of the stock is owned by institutional investors and hedge funds.

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About Credicorp

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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