38,435 Shares in Credicorp Ltd. (BAP) Acquired by BT Investment Management Ltd
BT Investment Management Ltd purchased a new position in shares of Credicorp Ltd. (NYSE:BAP) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 38,435 shares of the bank’s stock, valued at approximately $6,895,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of 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 in the last quarter. US Bancorp DE boosted its stake in shares of Credicorp by 117.4% during the 1st quarter. US Bancorp DE now owns 1,248 shares of the bank’s stock worth $204,000 after acquiring an additional 674 shares in the last quarter. Blair William & Co. IL bought a new stake in shares of Credicorp during the 2nd quarter worth about $239,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Credicorp during the 2nd quarter worth about $247,000. Finally, First Mercantile Trust Co. boosted its stake in shares of Credicorp by 54.1% during the 2nd quarter. First Mercantile Trust Co. now owns 1,425 shares of the bank’s stock worth $256,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 66.45% of the company’s stock.
Several analysts have recently issued reports on BAP shares. BidaskClub upgraded Credicorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Credicorp from a “hold” rating to a “buy” rating and set a $194.00 price target for the company in a research note on Wednesday, May 24th. UBS AG cut Credicorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $248.00 price objective on shares of Credicorp in a research report on Monday, September 11th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Credicorp presently has a consensus rating of “Buy” and an average target price of $217.00.
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Credicorp Ltd. (BAP) traded up 0.83% during trading on Friday, hitting $212.85. The company had a trading volume of 366,597 shares. The stock has a 50-day moving average of $200.00 and a 200-day moving average of $176.83. The stock’s market capitalization is $16.92 billion. Credicorp Ltd. has a one year low of $144.23 and a one year high of $212.97.
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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