Squarepoint Ops LLC cut its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 84.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 708 shares of the bank's stock after selling 3,907 shares during the quarter. Squarepoint Ops LLC's holdings in Credicorp were worth $276,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Allworth Financial LP grew its stake in shares of Credicorp by 42.9% during the second quarter. Allworth Financial LP now owns 170 shares of the bank's stock worth $66,000 after acquiring an additional 51 shares during the last quarter. West Family Investments Inc. purchased a new position in shares of Credicorp in the 2nd quarter valued at approximately $218,000. Amundi boosted its stake in Credicorp by 26.4% in the 2nd quarter. Amundi now owns 535,235 shares of the bank's stock worth $208,517,000 after purchasing an additional 111,785 shares in the last quarter. HighTower Advisors LLC boosted its stake in Credicorp by 8.5% in the 2nd quarter. HighTower Advisors LLC now owns 5,184 shares of the bank's stock worth $2,019,000 after purchasing an additional 408 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Credicorp during the 2nd quarter worth approximately $3,857,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. raised Credicorp from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $453.00 to $482.00 in a report on Wednesday, September 16th. The Goldman Sachs Group increased their price target on shares of Credicorp from $329.00 to $374.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. UBS Group raised their price target on shares of Credicorp from $412.00 to $473.00 and gave the stock a "buy" rating in a research report on Thursday, August 20th. Weiss Ratings upgraded shares of Credicorp from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, September 3rd. Finally, Morgan Stanley raised shares of Credicorp from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $375.00 to $480.00 in a report on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $431.80.
Read Our Latest Stock Report on BAP
Credicorp Stock Performance
Shares of NYSE:BAP opened at $386.19 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.00 and a quick ratio of 1.00. The business's 50 day moving average price is $382.88 and its 200-day moving average price is $359.21. The firm has a market capitalization of $36.45 billion, a PE ratio of 14.31, a P/E/G ratio of 0.76 and a beta of 0.88. Credicorp Ltd. has a 1 year low of $230.45 and a 1 year high of $413.24.
Credicorp Company Profile
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Free Report)
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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