Bp Plc lifted its stake in Credicorp Ltd. (NYSE:BAP) by 26.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,909 shares of the bank’s stock after purchasing an additional 5,000 shares during the quarter. Bp Plc’s holdings in Credicorp were worth $5,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Cigna Investments Inc. New increased its position in shares of Credicorp by 22.5% during the 4th quarter. Cigna Investments Inc. New now owns 1,647 shares of the bank’s stock valued at $365,000 after purchasing an additional 303 shares during the last quarter. ClariVest Asset Management LLC grew its stake in shares of Credicorp by 2.1% during the 4th quarter. ClariVest Asset Management LLC now owns 62,798 shares of the bank’s stock valued at $13,922,000 after acquiring an additional 1,300 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Credicorp by 19.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,955 shares of the bank’s stock valued at $655,000 after acquiring an additional 475 shares during the period. TD Asset Management Inc. grew its stake in shares of Credicorp by 1.7% during the 4th quarter. TD Asset Management Inc. now owns 280,743 shares of the bank’s stock valued at $62,232,000 after acquiring an additional 4,647 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Credicorp by 1.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 7,110 shares of the bank’s stock valued at $1,576,000 after acquiring an additional 107 shares during the period. 65.86% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on BAP shares. UBS Group started coverage on Credicorp in a research note on Friday, October 26th. They set a “neutral” rating for the company. Itau BBA Securities upgraded Credicorp from a “market perform” rating to an “outperform” rating and set a $274.00 price objective for the company in a research note on Friday, December 7th. Bank of America downgraded Credicorp from a “neutral” rating to an “underperform” rating in a research note on Monday. Zacks Investment Research upgraded Credicorp from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Finally, JPMorgan Chase & Co. downgraded Credicorp from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $232.00 to $240.00 in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $254.50.
Shares of NYSE:BAP opened at $240.14 on Thursday. The company has a market cap of $19.11 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.53 and a beta of 0.72. The company has a quick ratio of 1.16, a current ratio of 1.18 and a debt-to-equity ratio of 0.85. Credicorp Ltd. has a 12-month low of $207.41 and a 12-month high of $250.40.
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Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.
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