Credicorp Ltd. (NYSE:BAP) Position Held by Korea Investment CORP
Korea Investment CORP maintained its stake in shares of Credicorp Ltd. (NYSE:BAP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,300 shares of the bank’s stock at the end of the second quarter. Korea Investment CORP’s holdings in Credicorp were worth $11,894,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of BAP. UBS Asset Management Americas Inc. raised its position in Credicorp by 27.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 249,703 shares of the bank’s stock valued at $39,419,000 after buying an additional 54,273 shares in the last quarter. WCM Investment Management CA purchased a new position in Credicorp during the first quarter valued at $2,547,000. Capstone Asset Management Co. raised its position in Credicorp by 8.9% in the first quarter. Capstone Asset Management Co. now owns 7,932 shares of the bank’s stock valued at $1,295,000 after buying an additional 649 shares in the last quarter. Parametrica Management Ltd purchased a new position in Credicorp during the first quarter valued at $329,000. Finally, Fox Run Management L.L.C. purchased a new position in Credicorp during the first quarter valued at $376,000. 70.34% of the stock is currently owned by hedge funds and other institutional investors.
Credicorp Ltd. (NYSE:BAP) opened at 187.97 on Tuesday. Credicorp Ltd. has a 52 week low of $144.23 and a 52 week high of $190.64. The company 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.
BAP has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Credicorp from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a research note on Thursday, June 1st. Credit Suisse Group set a $196.00 price objective on shares of Credicorp and gave the stock a “buy” rating in a research note on Saturday, May 6th. Finally, BidaskClub upgraded shares of Credicorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Credicorp currently has a consensus rating of “Buy” and a consensus price target of $197.00.
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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