Renaissance Technologies LLC Decreases Holdings in Credicorp Ltd. (BAP)
Renaissance Technologies LLC reduced its stake in Credicorp Ltd. (NYSE:BAP) by 49.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,800 shares of the bank’s stock after selling 166,100 shares during the period. Renaissance Technologies LLC owned 0.21% of Credicorp worth $30,460,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of BAP. BlackRock Inc. boosted its stake in Credicorp by 9,913.1% in the first quarter. BlackRock Inc. now owns 4,287,311 shares of the bank’s stock valued at $700,118,000 after acquiring an additional 4,244,494 shares during the period. Vontobel Asset Management Inc. acquired a new position in Credicorp in the second quarter valued at approximately $192,225,000. Vanguard Group Inc. boosted its stake in Credicorp by 24.7% in the first quarter. Vanguard Group Inc. now owns 2,311,345 shares of the bank’s stock valued at $377,442,000 after acquiring an additional 458,288 shares during the period. FMR LLC boosted its stake in Credicorp by 29.2% in the first quarter. FMR LLC now owns 1,488,501 shares of the bank’s stock valued at $243,072,000 after acquiring an additional 336,149 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Credicorp by 8.2% in the second quarter. JPMorgan Chase & Co. now owns 2,816,921 shares of the bank’s stock valued at $505,327,000 after acquiring an additional 213,085 shares during the period. Institutional investors own 66.43% of the company’s stock.
A number of equities analysts have commented on the company. Zacks Investment Research downgraded Credicorp from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $248.00 target price on shares of Credicorp in a research note on Monday, September 11th. UBS AG set a $219.00 price objective 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 issued a strong buy rating to the company’s stock. Credicorp has an average rating of “Buy” and a consensus price target of $221.00.
Credicorp Ltd. (NYSE BAP) opened at 206.18 on Friday. The stock’s 50 day moving average price is $205.52 and its 200 day moving average price is $181.50. The firm’s market capitalization is $16.39 billion. Credicorp Ltd. has a 12 month low of $144.23 and a 12 month high of $213.83.
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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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