Credicorp Ltd. (BAP) Sees Unusually-High Trading Volume
Shares of Credicorp Ltd. (NYSE:BAP) saw an uptick in trading volume on Tuesday . 396,151 shares changed hands during mid-day trading, an increase of 61% from the previous session’s volume of 245,766 shares.The stock last traded at $155.91 and had previously closed at $160.33.
A number of brokerages recently issued reports on BAP. Credit Suisse Group AG reiterated a “buy” rating and issued a $154.00 price target on shares of Credicorp in a research note on Tuesday. Zacks Investment Research upgraded shares of Credicorp from a “hold” rating to a “buy” rating and set a $168.00 price target on the stock in a research note on Wednesday, July 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $157.00.
The firm’s market capitalization is $12.59 billion. The firm has a 50-day moving average price of $156.24 and a 200 day moving average price of $136.85.
Other hedge funds have bought and sold shares of 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 worth $1,248,000 after buying an additional 81 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in 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 worth $14,461,000 after buying an additional 8,767 shares during the period. Schroder Investment Management Group boosted its stake in Credicorp by 56.0% in the fourth quarter. Schroder Investment Management Group now owns 142,197 shares of the company’s stock worth $13,838,000 after buying an additional 51,054 shares during the period. Finally, Aberdeen Asset Management PLC UK boosted its stake in Credicorp by 2.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 47,308 shares of the company’s stock worth $5,416,000 after buying an additional 1,308 shares during the period.
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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