Prudential Financial Inc. bought a new position in shares of Credicorp Ltd. (NYSE:BAP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 34,100 shares of the company’s stock, valued at approximately $5,263,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. ClariVest Asset Management LLC boosted its position in shares of Credicorp by 10.3% in the second quarter. ClariVest Asset Management LLC now owns 85,598 shares of the company’s stock worth $13,210,000 after buying an additional 8,000 shares during the period. UBS Group AG boosted its position in shares of Credicorp by 44.7% in the first quarter. UBS Group AG now owns 30,374 shares of the company’s stock worth $3,979,000 after buying an additional 9,379 shares during the period. Samlyn Capital LLC bought a new position in shares of Credicorp during the first quarter worth about $29,739,000. Quantbot Technologies LP bought a new position in shares of Credicorp during the second quarter worth about $261,000. Finally, AMP Capital Investors Ltd boosted its position in shares of Credicorp by 44.3% in the first quarter. AMP Capital Investors Ltd now owns 81,676 shares of the company’s stock worth $10,707,000 after buying an additional 25,055 shares during the period. 65.63% of the stock is owned by institutional investors.
Shares of Credicorp Ltd. (NYSE:BAP) opened at 145.98 on Friday. The firm’s market capitalization is $11.62 billion. The stock has a 50 day moving average of $154.12 and a 200 day moving average of $149.58. Credicorp Ltd. has a 52-week low of $84.72 and a 52-week high of $166.26.
BAP has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Credicorp from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a report on Wednesday, July 6th. Credit Suisse Group AG increased their target price on shares of Credicorp from $154.00 to $196.00 and gave the company an “outperform” rating in a report on Wednesday, September 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of Credicorp from $166.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target 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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