Barings LLC Continues to Hold Stake in Credicorp Ltd. (BAP)
Barings LLC held its stake in Credicorp Ltd. (NYSE:BAP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,666 shares of the bank’s stock at the end of the second quarter. Barings LLC’s holdings in Credicorp were worth $3,048,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in BAP. US Bancorp DE increased its position in Credicorp by 117.4% during the first quarter. US Bancorp DE now owns 1,248 shares of the bank’s stock worth $204,000 after buying an additional 674 shares during the last quarter. Bank of New York Mellon Corp increased its position in Credicorp by 2.4% during the first quarter. Bank of New York Mellon Corp now owns 205,741 shares of the bank’s stock worth $33,597,000 after buying an additional 4,803 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Credicorp by 20.6% during the first quarter. UBS Asset Management Americas Inc. now owns 301,186 shares of the bank’s stock worth $49,184,000 after buying an additional 51,483 shares during the last quarter. Prudential Financial Inc. acquired a new position in Credicorp during the first quarter worth approximately $7,300,000. Finally, Victory Capital Management Inc. increased its position in Credicorp by 5.2% during the first quarter. Victory Capital Management Inc. now owns 73,783 shares of the bank’s stock worth $12,049,000 after buying an additional 3,639 shares during the last quarter. 66.43% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on BAP. Zacks Investment Research downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $248.00 price target on shares of Credicorp in a research report on Monday, September 11th. UBS AG set a $219.00 price target on Credicorp and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Bank of America Corporation downgraded 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 research report on Friday, September 29th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Credicorp has an average rating of “Buy” and a consensus target price of $221.00.
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Credicorp Ltd. (NYSE BAP) traded down 1.58% during trading on Friday, hitting $206.01. The stock had a trading volume of 8,428 shares. The firm has a 50 day moving average price of $205.33 and a 200-day moving average price of $181.20. Credicorp Ltd. has a 1-year low of $144.23 and a 1-year high of $213.83. The firm’s market capitalization is $16.37 billion.
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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