Bp Plc Decreases Position in Credicorp Ltd. (NYSE:BAP)
Bp Plc lowered its stake in shares of Credicorp Ltd. (NYSE:BAP) by 7.6% during the second quarter, Holdings Channel reports. The firm owned 69,187 shares of the bank’s stock after selling 5,718 shares during the period. Bp Plc’s holdings in Credicorp were worth $12,407,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. BlackRock Inc. raised its stake in Credicorp by 9,913.1% in the first quarter. BlackRock Inc. now owns 4,287,311 shares of the bank’s stock worth $700,118,000 after buying an additional 4,244,494 shares during the last quarter. Legato Capital Management LLC raised its stake in Credicorp by 16,230.0% in the first quarter. Legato Capital Management LLC now owns 2,857,750 shares of the bank’s stock worth $17,500,000 after buying an additional 2,840,250 shares during the last quarter. Vontobel Asset Management Inc. acquired a new stake in Credicorp during the second quarter worth $192,225,000. Vanguard Group Inc. raised its stake in Credicorp by 24.7% in the first quarter. Vanguard Group Inc. now owns 2,311,345 shares of the bank’s stock worth $377,442,000 after buying an additional 458,288 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its stake in Credicorp by 127.4% in the first quarter. OppenheimerFunds Inc. now owns 616,860 shares of the bank’s stock worth $100,733,000 after buying an additional 345,605 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors.
Credicorp Ltd. (NYSE:BAP) opened at 187.97 on Tuesday. The stock has a 50 day moving average of $183.22 and a 200-day moving average of $168.84. The firm’s market cap is $14.94 billion. Credicorp Ltd. has a 12 month low of $144.23 and a 12 month high of $190.64.
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A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Credicorp from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. UBS AG lowered shares of Credicorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 27th. BidaskClub raised shares of Credicorp from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Credit Suisse Group set a $196.00 target price on shares of Credicorp and gave the stock a “buy” rating in a report on Saturday, May 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $197.00.
Credicorp Company Profile
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.
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