Credicorp Ltd. (BAP) Sees Unusually-High Trading Volume
Credicorp Ltd. (NYSE:BAP) saw unusually-strong trading volume on Tuesday . Approximately 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.
Several equities analysts have commented on BAP shares. Zacks Investment Research cut shares of Credicorp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 19th. Credit Suisse Group AG restated a “buy” rating and issued a $154.00 price objective on shares of Credicorp in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $157.00.
The stock’s market cap is $12.98 billion. The firm’s 50 day moving average price is $156.52 and its 200 day moving average price is $137.03.
Other institutional investors recently modified their holdings of the company. 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 period. 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 period. Finally, 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 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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