Credicorp Ltd. $BAP Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System boosted its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,553 shares of the bank's stock after buying an additional 243 shares during the quarter. California State Teachers Retirement System's holdings in Credicorp were worth $4,111,238 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BAP. Ameritas Advisory Services LLC acquired a new stake in shares of Credicorp in the second quarter valued at approximately $330,000. Syon Capital LLC bought a new position in shares of Credicorp in the 2nd quarter worth $206,000. TD Waterhouse Canada Inc. raised its position in Credicorp by 62.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 15,000 shares of the bank's stock valued at $5,805,000 after purchasing an additional 5,762 shares during the last quarter. BTG Pactual Asset Management US LLC raised its holdings in Credicorp by 33.4% in the 2nd quarter. BTG Pactual Asset Management US LLC now owns 1,233 shares of the bank's stock worth $480,000 after acquiring an additional 309 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in Credicorp by 4.1% during the second quarter. Benjamin Edwards Inc. now owns 1,823 shares of the bank's stock valued at $711,000 after purchasing an additional 72 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Credicorp Stock Performance

NYSE BAP traded down $5.34 during trading hours on Tuesday, hitting $370.70. 162,116 shares of the company's stock traded hands, compared to its average volume of 432,697. Credicorp Ltd. has a 52 week low of $230.45 and a 52 week high of $413.24. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38. The business's fifty day moving average price is $383.99 and its two-hundred day moving average price is $357.31. The firm has a market capitalization of $34.99 billion, a P/E ratio of 13.75, a P/E/G ratio of 0.74 and a beta of 0.88.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BAP shares. Morgan Stanley upgraded shares of Credicorp from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $375.00 to $480.00 in a research note on Wednesday, June 17th. Weiss Ratings raised shares of Credicorp from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, September 3rd. UBS Group raised their price objective on Credicorp from $412.00 to $473.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. JPMorgan Chase & Co. cut shares of Credicorp from an "overweight" rating to a "neutral" rating and set a $415.00 target price for the company. in a research note on Monday, June 15th. Finally, The Goldman Sachs Group upped their price objective on shares of Credicorp from $329.00 to $374.00 and gave the company a "neutral" rating in a research report on Thursday, July 16th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Credicorp has a consensus rating of "Moderate Buy" and a consensus price target of $418.40.

Credicorp Profile

Credicorp Ltd. NYSE: BAP is a financial services holding company based in Peru. Through its subsidiaries, the company provides banking, insurance, pension, investment banking and wealth management services to individuals, businesses and institutions.

Its principal banking subsidiary is Banco de Crédito del Perú (BCP), one of Peru's major banks, which offers deposits, loans, payment services, credit cards and other financial products. Credicorp also operates Mibanco, a bank focused on microfinance and small businesses, and Grupo Pacífico, which provides property and casualty, life and health insurance products.

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