California Public Employees Retirement System held its position in shares of Credicorp Ltd. (NYSE:BAP) during the second quarter, Holdings Channel reports. The institutional investor owned 16,471 shares of the company’s stock at the end of the second quarter. California Public Employees Retirement System’s holdings in Credicorp were worth $2,542,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. DIAM Co. Ltd. raised its position in shares of Credicorp by 1.8% in the second quarter. DIAM Co. Ltd. now owns 26,168 shares of the company’s stock valued at $4,022,000 after buying an additional 463 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Credicorp during the second quarter valued at $123,236,000. KBC Group NV raised its position in shares of Credicorp by 32.1% in the second quarter. KBC Group NV now owns 16,979 shares of the company’s stock valued at $2,620,000 after buying an additional 4,125 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Credicorp by 10.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 181,284 shares of the company’s stock valued at $27,977,000 after buying an additional 17,497 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Credicorp during the second quarter valued at $261,000. 65.63% of the stock is owned by institutional investors.
Credicorp Ltd. (NYSE:BAP) traded up 0.85% on Friday, hitting $152.22. 331,211 shares of the stock traded hands. The firm’s market cap is $12.12 billion. Credicorp Ltd. has a 12-month low of $84.72 and a 12-month high of $166.26. The stock has a 50-day moving average of $157.00 and a 200-day moving average of $148.52.
Several brokerages have weighed in on BAP. Zacks Investment Research raised shares of Credicorp from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd. Credit Suisse Group AG raised their price objective on shares of Credicorp from $154.00 to $196.00 and gave the stock an “outperform” rating in a report on Wednesday, September 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Credicorp from $166.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $175.75.
Credicorp Company Profile
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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