Schwab Charles Investment Management Inc. raised its stake in Credicorp Ltd. (NYSE:BAP) by 40.9% during the first quarter, Holdings Channel reports. The institutional investor owned 62,549 shares of the bank’s stock after buying an additional 18,150 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Credicorp were worth $10,215,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank boosted its position in Credicorp by 3.4% in the first quarter. Huntington National Bank now owns 764 shares of the bank’s stock valued at $125,000 after buying an additional 25 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Credicorp during the fourth quarter valued at $178,000. US Bancorp DE boosted its position in Credicorp by 117.4% in the first quarter. US Bancorp DE now owns 1,248 shares of the bank’s stock valued at $204,000 after buying an additional 674 shares in the last quarter. UMB Bank N A MO boosted its position in Credicorp by 4.0% in the first quarter. UMB Bank N A MO now owns 1,418 shares of the bank’s stock valued at $232,000 after buying an additional 54 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in Credicorp by 0.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,609 shares of the bank’s stock valued at $263,000 after buying an additional 13 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.
Credicorp Ltd. (BAP) opened at 183.99 on Tuesday. Credicorp Ltd. has a 52-week low of $144.23 and a 52-week high of $188.30. The stock’s market cap is $14.62 billion. The firm has a 50-day moving average price of $180.62 and a 200 day moving average price of $167.79.
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Several research analysts have weighed in on the company. UBS AG cut Credicorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. Credit Suisse Group set a $196.00 price objective on Credicorp and gave the stock a “buy” rating in a research report on Saturday, May 6th. Zacks Investment Research cut Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, BidaskClub raised Credicorp from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $197.00.
Credicorp Company Profile
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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