Pinebridge Investments L.P. Has $3.14 Million Position in Credicorp Ltd. (BAP)

Pinebridge Investments L.P. boosted its stake in shares of Credicorp Ltd. (NYSE:BAP) by 32.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 13,958 shares of the bank’s stock after purchasing an additional 3,425 shares during the period. Pinebridge Investments L.P.’s holdings in Credicorp were worth $3,142,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Banco de Sabadell S.A bought a new position in Credicorp during the 1st quarter valued at approximately $156,000. Signaturefd LLC bought a new position in Credicorp during the 1st quarter valued at approximately $185,000. HighVista Strategies LLC bought a new position in Credicorp during the 1st quarter valued at approximately $227,000. ETRADE Capital Management LLC bought a new position in Credicorp during the 1st quarter valued at approximately $228,000. Finally, Oppenheimer & Co. Inc. bought a new position in Credicorp during the 1st quarter valued at approximately $232,000. 66.68% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on BAP shares. Zacks Investment Research lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. Credit Suisse Group raised their price objective on Credicorp from $240.00 to $258.00 and gave the company an “outperform” rating in a research report on Friday, May 25th. Finally, ValuEngine lowered Credicorp from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Credicorp currently has an average rating of “Hold” and an average price target of $250.67.

Credicorp stock opened at $222.61 on Monday. The firm has a market capitalization of $17.76 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92. Credicorp Ltd. has a 12 month low of $189.69 and a 12 month high of $239.54. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.19 and a quick ratio of 1.19.

About Credicorp

Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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