Vontobel Holding Ltd. increased its holdings in Credicorp Ltd. (NYSE:BAP – Free Report) by 32.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 336,054 shares of the bank’s stock after acquiring an additional 81,910 shares during the quarter. Vontobel Holding Ltd.’s holdings in Credicorp were worth $127,657,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. bought a new stake in shares of Credicorp in the 2nd quarter valued at about $25,000. Quantbot Technologies LP bought a new position in shares of Credicorp during the second quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in Credicorp during the second quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Credicorp during the first quarter valued at approximately $40,000. Finally, GAMMA Investing LLC increased its holdings in Credicorp by 33.7% during the third quarter. GAMMA Investing LLC now owns 111 shares of the bank’s stock valued at $42,000 after buying an additional 28 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.
Analyst Ratings Changes
BAP has been the subject of a number of analyst reports. UBS Group upped their target price on Credicorp from $412.00 to $473.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Weiss Ratings upgraded Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 9th. JPMorgan Chase & Co. raised Credicorp from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $453.00 to $482.00 in a research report on Wednesday, September 16th. Finally, The Goldman Sachs Group boosted their price target on Credicorp from $329.00 to $374.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $431.80.
Get Our Latest Analysis on BAP
Credicorp Stock Up 0.7%
Shares of NYSE BAP traded up $2.62 during trading hours on Friday, hitting $391.04. 417,608 shares of the stock were exchanged, compared to its average volume of 290,623. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. The company has a market cap of $36.91 billion, a PE ratio of 14.49, a PEG ratio of 0.75 and a beta of 0.92. The firm has a fifty day moving average price of $379.71 and a 200-day moving average price of $365.19. Credicorp Ltd. has a 12 month low of $230.45 and a 12 month high of $413.24.
Credicorp Profile
Credicorp Ltd. (NYSE: BAP) is a financial services holding company based in Peru. Through its subsidiaries, the company provides banking, insurance, investment management, pension administration and investment banking services to individuals, businesses and institutional clients.
Its principal businesses include Banco de Crédito del Perú, one of Peru’s leading banks; Mibanco, which focuses on microfinance and small-business lending; Pacífico Seguros, an insurance provider; Prima AFP, which manages private pension accounts; and Credicorp Capital, which offers investment banking, asset management, brokerage and related capital-markets services.
Credicorp’s operations are centered primarily in Peru, with selected investment banking and capital-markets activities serving clients elsewhere in the Latin American region.
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