Andra AP fonden increased its position in Credicorp Ltd. (NYSE:BAP) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,400 shares of the bank’s stock after buying an additional 2,400 shares during the period. Andra AP fonden owned approximately 0.07% of Credicorp worth $9,400,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Credicorp by 24.7% in the first quarter. Vanguard Group Inc. now owns 2,311,345 shares of the bank’s stock worth $377,442,000 after buying an additional 458,288 shares in the last quarter. Huntington National Bank raised its position in shares of 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 during the period. Deltec Asset Management LLC raised its position in shares of Credicorp by 5.3% in the second quarter. Deltec Asset Management LLC now owns 39,910 shares of the bank’s stock valued at $7,159,000 after buying an additional 2,000 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Credicorp by 40.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 62,549 shares of the bank’s stock valued at $10,215,000 after buying an additional 18,150 shares during the period. Finally, Nationwide Fund Advisors raised its position in shares of Credicorp by 22.6% in the first quarter. Nationwide Fund Advisors now owns 56,906 shares of the bank’s stock valued at $9,293,000 after buying an additional 10,500 shares during the period. 69.31% of the stock is currently owned by hedge funds and other institutional investors.
Credicorp Ltd. (NYSE:BAP) opened at 206.02 on Friday. The stock has a 50 day moving average of $191.65 and a 200 day moving average of $173.12. The company’s market cap is $16.37 billion. Credicorp Ltd. has a 52 week low of $144.23 and a 52 week high of $206.25.
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Several brokerages have recently issued reports on BAP. UBS AG set a $219.00 target price on shares of Credicorp and gave the company a “buy” rating in a research note on Tuesday, August 15th. Zacks Investment Research lowered shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, BidaskClub raised shares of Credicorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th.
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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