Westwood Holdings Group Inc. boosted its position in Credicorp Ltd. (NYSE:BAP) by 0.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 454,576 shares of the bank’s stock after acquiring an additional 575 shares during the period. Westwood Holdings Group Inc. owned about 0.57% of Credicorp worth $81,546,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Inc. grew its stake in Credicorp by 143.0% in the 2nd quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock worth $130,000 after acquiring an additional 426 shares during the period. Tower Research Capital LLC TRC grew its stake in Credicorp by 50.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 846 shares of the bank’s stock worth $138,000 after acquiring an additional 282 shares during the period. US Bancorp DE grew its stake in Credicorp by 117.4% in the 1st quarter. US Bancorp DE now owns 1,248 shares of the bank’s stock worth $204,000 after acquiring an additional 674 shares during the period. Blair William & Co. IL purchased a new stake in Credicorp in the 2nd quarter worth approximately $239,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Credicorp in the 2nd quarter worth approximately $247,000. 66.43% of the stock is owned by hedge funds and other institutional investors.
BAP has been the subject of several recent analyst reports. Bank of America Corporation cut shares of Credicorp from a “buy” rating to a “neutral” rating in a research note on Monday, September 18th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $248.00 target price on shares of Credicorp in a research note on Monday, September 11th. BidaskClub raised shares of Credicorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. UBS AG set a $219.00 target price on shares of Credicorp and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Finally, Citigroup Inc. cut shares of Credicorp from a “buy” rating to a “neutral” rating in a research note on Friday, September 29th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Credicorp has an average rating of “Buy” and a consensus price target of $221.00.
Shares of Credicorp Ltd. (NYSE:BAP) traded up 0.53% during mid-day trading on Wednesday, hitting $203.13. 69,720 shares of the stock traded hands. The company has a market cap of $16.14 billion, a price-to-earnings ratio of 4.60 and a beta of 0.81. The stock has a 50-day moving average of $205.50 and a 200-day moving average of $182.36. Credicorp Ltd. has a 52 week low of $144.23 and a 52 week high of $213.82.
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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