Credicorp Ltd. (BAP) Shares Gap Up to $150.34
Credicorp Ltd. (NYSE:BAP) shares gapped up prior to trading on Thursday . The stock had previously closed at $150.21, but opened at $150.34. Credicorp shares last traded at $151.17, with a volume of 91,619 shares traded.
Several research firms have weighed in on BAP. Zacks Investment Research raised Credicorp from a “hold” rating to a “buy” rating and set a $168.00 price objective on the stock in a research report on Wednesday. Santander cut Credicorp from a “buy” rating to a “hold” rating in a research report on Thursday, March 24th. Scotiabank began coverage on Credicorp in a research report on Tuesday, March 15th. They issued an “outperform” rating on the stock. Finally, Barclays PLC boosted their price objective on Credicorp from $146.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $157.00.
The stock’s 50 day moving average is $147.84 and its 200 day moving average is $126.08. The stock has a market cap of $11.95 billion and a PE ratio of 13.08.
Credicorp (NYSE:BAP) last posted its quarterly earnings data on Friday, May 6th. The company reported $2.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.97 by $0.07. Equities research analysts predict that Credicorp Ltd. will post $12.50 EPS for the current year.
Other hedge funds and institutional investors recently bought and sold shares of the company. Bank of Montreal Can raised its position in Credicorp by 14.3% in the fourth quarter. Bank of Montreal Can now owns 503,271 shares of the company’s stock worth $48,978,000 after buying an additional 62,887 shares during the period. Trilogy Global Advisors LP raised its position in Credicorp by 74.1% in the fourth quarter. Trilogy Global Advisors LP now owns 488,912 shares of the company’s stock worth $47,579,000 after buying an additional 208,077 shares during the period. Standard Life Investments LTD raised its position in Credicorp by 3.7% in the fourth quarter. Standard Life Investments LTD now owns 310,334 shares of the company’s stock worth $30,170,000 after buying an additional 11,034 shares during the period. Dimensional Fund Advisors LP raised its position in Credicorp by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 304,710 shares of the company’s stock worth $29,656,000 after buying an additional 5,665 shares during the period. Finally, CI Investments Inc. raised its position in Credicorp by 7.6% in the fourth quarter. CI Investments Inc. now owns 259,120 shares of the company’s stock worth $25,218,000 after buying an additional 18,300 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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