Credicorp Ltd. (BAP) Sets New 1-Year High at $163.14
Credicorp Ltd. (NYSE:BAP) shares hit a new 52-week high on Tuesday . The company traded as high as $163.14 and last traded at $162.23, with a volume of 179,938 shares trading hands. The stock had previously closed at $161.38.
Separately, Zacks Investment Research upgraded shares of Credicorp from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a report on Wednesday, July 6th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $157.00.
The company has a 50-day moving average of $153.64 and a 200-day moving average of $132.24. The stock has a market capitalization of $12.70 billion and a P/E ratio of 13.87.
Credicorp (NYSE:BAP) last released its quarterly earnings results on Friday, May 6th. The company reported $2.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.97 by $0.07. On average, equities analysts forecast that Credicorp Ltd. will post $12.47 earnings per share for the current fiscal year.
Other large investors have recently added to or reduced their stakes in the company. KBC Group NV boosted its stake in Credicorp by 0.6% in the fourth quarter. KBC Group NV now owns 12,830 shares of the company’s stock valued at $1,248,000 after buying an additional 81 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Credicorp by 6.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 148,597 shares of the company’s stock valued at $14,461,000 after buying an additional 8,767 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Credicorp by 56.0% in the fourth quarter. Schroder Investment Management Group now owns 142,197 shares of the company’s stock valued at $13,838,000 after buying an additional 51,054 shares during the last quarter. Trilogy Global Advisors LP raised its position in shares of Credicorp by 74.1% in the fourth quarter. Trilogy Global Advisors LP now owns 488,912 shares of the company’s stock valued at $47,579,000 after buying an additional 208,077 shares during the last quarter. Finally, 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.
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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