Credicorp Ltd. (BAP) Hits New 1-Year High at $156.95
Credicorp Ltd. (NYSE:BAP) shares reached a new 52-week high on Friday . The company traded as high as $156.95 and last traded at $156.60, with a volume of 151,794 shares. The stock had previously closed at $150.20.
A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Credicorp from a “hold” rating to a “sell” rating in a report on Tuesday, April 19th. Scotiabank assumed coverage on Credicorp in a report on Tuesday, March 15th. They set an “outperform” rating on the stock. Barclays PLC boosted their target price on Credicorp from $146.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, March 15th. Finally, Santander lowered Credicorp from a “buy” rating to a “hold” rating in a report on Thursday, March 24th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $157.00.
The stock has a market capitalization of $12.44 billion and a price-to-earnings ratio of 13.66. The stock’s 50 day moving average is $148.33 and its 200-day moving average is $126.52.
Credicorp (NYSE:BAP) last announced its quarterly earnings results on Friday, May 6th. The company reported $2.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.97 by $0.07. Analysts predict that Credicorp Ltd. will post $12.49 earnings per share for the current fiscal year.
A number of hedge funds and institutional investors have recently made changes to their positions in the company. Henderson Group PLC raised its position in shares of Credicorp by 7.8% in the fourth quarter. Henderson Group PLC now owns 27,761 shares of the company’s stock valued at $2,699,000 after buying an additional 2,000 shares during the last quarter. Stevens Capital Management LP raised its position in shares of Credicorp by 17.3% in the fourth quarter. Stevens Capital Management LP now owns 35,048 shares of the company’s stock valued at $3,411,000 after buying an additional 5,169 shares during the last quarter. Aberdeen Asset Management PLC UK raised its position in shares of Credicorp by 2.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 47,308 shares of the company’s stock valued at $5,416,000 after buying an additional 1,308 shares during the last quarter. New York State Common Retirement Fund raised its position in Credicorp by 6.3% in the fourth quarter. New York State Common Retirement Fund now owns 68,784 shares of the company’s stock worth $6,694,000 after buying an additional 4,077 shares in the last quarter. Finally, Sei Investments Co. raised its position in Credicorp by 217.1% in the fourth quarter. Sei Investments Co. now owns 81,275 shares of the company’s stock worth $7,910,000 after buying an additional 55,646 shares in the last quarter.
Credicorp Ltd. is a financial services holding company in Peru. The Company is has four operating segments based on its products and services. Its operational segments include banking, insurance, pension funds and investment banking. The Company’s five principal operating subsidiaries include Banco de Credito del Peru (BCP); Atlantic Security Bank (ASB), which it holds through Atlantic Security Holding Corporation (ASHC); El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP, and Credicorp Capital.
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