Teacher Retirement System of Texas decreased its stake in shares of Credicorp Ltd. (NYSE:BAP) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,850 shares of the bank’s stock after selling 9,748 shares during the period. Teacher Retirement System of Texas owned about 0.14% of Credicorp worth $20,065,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Huntington National Bank increased its stake 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. Tower Research Capital LLC TRC increased its stake in Credicorp by 50.0% in the first quarter. Tower Research Capital LLC TRC now owns 846 shares of the bank’s stock valued at $138,000 after buying an additional 282 shares in the last quarter. US Bancorp DE increased its stake 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 increased its stake 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, Campbell & CO Investment Adviser LLC bought a new stake in Credicorp during the second quarter valued at $247,000. 70.34% of the stock is owned by hedge funds and other institutional investors.
Credicorp Ltd. (NYSE:BAP) opened at 194.77 on Friday. The company’s 50-day moving average is $185.97 and its 200 day moving average is $170.46. Credicorp Ltd. has a one year low of $144.23 and a one year high of $202.66. The stock’s market capitalization is $15.49 billion.
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BAP has been the subject of several research analyst reports. Zacks Investment Research raised shares of Credicorp from a “hold” rating to a “buy” rating and set a $188.00 price target for the company in a research note on Thursday, June 1st. Credit Suisse Group set a $196.00 price objective on shares of Credicorp and gave the company a “buy” rating in a report on Saturday, May 6th. Finally, BidaskClub raised shares of Credicorp from a “hold” rating to a “buy” rating in a report on Saturday, June 17th.
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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