Credicorp (NYSE:BAP) Stock Rating Lowered by Wall Street Zen

Credicorp (NYSE:BAP - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Sunday.

Credicorp Stock Performance

NYSE BAP traded up $2.50 on Friday, hitting $219.40. 65,001 shares of the company traded hands, compared to its average volume of 307,059. The business's 50 day moving average price is $194.99 and its 200-day moving average price is $189.39. Credicorp has a 52-week low of $153.27 and a 52-week high of $220.35. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $17.45 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 0.56 and a beta of 1.00.

Institutional Investors Weigh In On Credicorp

Several hedge funds and other institutional investors have recently modified their holdings of the business. SVB Wealth LLC bought a new stake in shares of Credicorp during the first quarter worth $35,000. Headlands Technologies LLC bought a new stake in shares of Credicorp in the fourth quarter valued at about $38,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Credicorp during the fourth quarter valued at about $40,000. Cullen Frost Bankers Inc. purchased a new position in Credicorp in the first quarter valued at about $40,000. Finally, Farther Finance Advisors LLC raised its holdings in Credicorp by 2,170.0% in the first quarter. Farther Finance Advisors LLC now owns 227 shares of the bank's stock worth $44,000 after purchasing an additional 217 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.