Motley Fool Asset Management LLC maintained its position in shares of Credicorp Ltd. (NYSE:BAP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,000 shares of the bank’s stock at the end of the 2nd quarter. Motley Fool Asset Management LLC’s holdings in Credicorp were worth $1,076,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Credicorp by 9,913.1% during the 1st quarter. BlackRock Inc. now owns 4,287,311 shares of the bank’s stock valued at $700,118,000 after purchasing an additional 4,244,494 shares during the last quarter. Vontobel Asset Management Inc. bought a new position in shares of Credicorp during the 2nd quarter valued at $192,225,000. Vanguard Group Inc. lifted its holdings in shares of Credicorp by 24.7% during the 1st quarter. Vanguard Group Inc. now owns 2,311,345 shares of the bank’s stock valued at $377,442,000 after buying an additional 458,288 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of Credicorp by 127.4% during the 1st quarter. OppenheimerFunds Inc. now owns 616,860 shares of the bank’s stock valued at $100,733,000 after buying an additional 345,605 shares during the period. Finally, FMR LLC lifted its holdings in shares of Credicorp by 29.2% during the 1st quarter. FMR LLC now owns 1,488,501 shares of the bank’s stock valued at $243,072,000 after buying an additional 336,149 shares during the period. Institutional investors own 66.43% of the company’s stock.
A number of equities analysts recently commented on BAP shares. UBS AG cut Credicorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 27th. BidaskClub raised Credicorp from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Zacks Investment Research cut Credicorp from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $248.00 target price on shares of Credicorp in a report on Monday, September 11th. Finally, Bank of America Corporation lowered Credicorp from a “buy” rating to a “neutral” rating in a research note on Monday, September 18th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $217.00.
Shares of Credicorp Ltd. (NYSE BAP) opened at 202.38 on Friday. Credicorp Ltd. has a 52 week low of $144.23 and a 52 week high of $213.83. The firm has a 50-day moving average price of $201.18 and a 200-day moving average price of $177.59. The stock’s market cap is $16.09 billion.
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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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