Westpac Banking Corp boosted its position in Credicorp Ltd. (NYSE:BAP) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,421 shares of the company’s stock after buying an additional 348 shares during the period. Westpac Banking Corp’s holdings in Credicorp were worth $2,380,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Emerald Acquisition Ltd. purchased a new stake in Credicorp during the second quarter worth approximately $123,236,000. Bank of Montreal Can bought a new stake in shares of Credicorp during the second quarter worth about $59,181,000. Principal Financial Group Inc. bought a new stake in shares of Credicorp during the second quarter worth about $51,529,000. Investec Asset Management LTD bought a new stake in shares of Credicorp during the first quarter worth about $35,347,000. Finally, Samlyn Capital LLC bought a new stake in shares of Credicorp during the first quarter worth about $29,739,000. 65.63% of the stock is currently owned by institutional investors.
Shares of Credicorp Ltd. (NYSE:BAP) traded down 0.16% on Wednesday, hitting $152.72. The stock had a trading volume of 26,983 shares. Credicorp Ltd. has a one year low of $84.72 and a one year high of $166.26. The company’s market capitalization is $12.15 billion. The firm has a 50 day moving average price of $157.73 and a 200 day moving average price of $148.30.
A number of brokerages have recently issued reports on BAP. JPMorgan Chase & Co. boosted their target price on Credicorp from $166.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. Zacks Investment Research lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $154.00 target price on shares of Credicorp in a research report on Tuesday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $175.75.
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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