Credicorp Ltd. (BAP) Shares Gap Up to $150.34
Credicorp Ltd. (NYSE:BAP) shares gapped up before the market opened 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 changing hands.
A number of research analysts have issued reports on the company. Zacks Investment Research raised Credicorp from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a report on Wednesday. Scotiabank initiated coverage on Credicorp in a report on Tuesday, March 15th. They issued an “outperform” rating for the company. Santander cut Credicorp from a “buy” rating to a “hold” rating in a report on Thursday, March 24th. Finally, Barclays PLC lifted their price target on Credicorp from $146.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, March 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Credicorp has an average rating of “Buy” and an average target price of $157.00.
The stock has a market capitalization of $12.44 billion and a PE ratio of 13.66. The company has a 50 day moving average price of $148.33 and a 200 day moving average price of $126.52.
Credicorp (NYSE:BAP) last issued its quarterly earnings data on Friday, May 6th. The company reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $2.97 by $0.07. Equities research analysts anticipate that Credicorp Ltd. will post $12.49 EPS for the current year.
A number of hedge funds and institutional investors have recently modified their holdings of BAP. Henderson Group PLC raised its position in shares of Credicorp by 7.8% in the fourth quarter. Henderson Group PLC now owns 27,761 shares of the company’s stock worth $2,699,000 after buying an additional 2,000 shares in the last quarter. Stevens Capital Management LP raised its position in shares of Credicorp by 17.3% in the fourth quarter. Stevens Capital Management LP now owns 35,048 shares of the company’s stock worth $3,411,000 after buying an additional 5,169 shares in the last quarter. 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 worth $5,416,000 after buying an additional 1,308 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Credicorp by 6.3% in the fourth quarter. New York State Common Retirement Fund now owns 68,784 shares of the company’s stock worth $6,694,000 after buying an additional 4,077 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Credicorp by 217.1% in the fourth quarter. Sei Investments Co. now owns 81,275 shares of the company’s stock worth $7,910,000 after buying an additional 55,646 shares in 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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