Credicorp Ltd. (BAP) Shares Gap Up to $151.16
Credicorp Ltd. (NYSE:BAP) shares gapped up before the market opened on Monday . The stock had previously closed at $151.01, but opened at $151.16. Credicorp shares last traded at $152.70, with a volume of 109,597 shares.
A number of research analysts recently weighed in on the company. Credit Suisse Group AG upped their price target on Credicorp from $154.00 to $196.00 and gave the stock an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on Credicorp from $166.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. Finally, Zacks Investment Research downgraded Credicorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $175.75.
The company’s market capitalization is $12.25 billion. The company has a 50 day moving average of $158.23 and a 200 day moving average of $147.29.
Several hedge funds have recently bought and sold shares of the company. UBS Group AG boosted its stake in Credicorp by 44.7% in the first quarter. UBS Group AG now owns 30,374 shares of the company’s stock valued at $3,979,000 after buying an additional 9,379 shares during the last quarter. Samlyn Capital LLC acquired a new stake in Credicorp during the first quarter valued at about $29,739,000. Quantbot Technologies LP acquired a new stake in Credicorp during the second quarter valued at about $261,000. AMP Capital Investors Ltd boosted its stake in Credicorp by 44.3% in the first quarter. AMP Capital Investors Ltd now owns 81,676 shares of the company’s stock valued at $10,707,000 after buying an additional 25,055 shares during the last quarter. Finally, BARING ASSET MANAGEMENT Ltd boosted its stake in Credicorp by 153.1% in the second quarter. BARING ASSET MANAGEMENT Ltd now owns 58,871 shares of the company’s stock valued at $9,086,000 after buying an additional 35,613 shares during the last quarter. 65.63% of the stock is currently owned by institutional investors.
Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.
Receive News & Ratings for Credicorp Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credicorp Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.