Shares of Credicorp Ltd. (NYSE:BAP) hit a new 52-week high during trading on Monday . The company traded as high as $204.09 and last traded at $204.25, with a volume of 200,368 shares trading hands. The stock had previously closed at $201.98.

A number of research firms have issued reports on BAP. Zacks Investment Research upgraded Credicorp from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research note on Thursday, June 22nd. BidaskClub upgraded Credicorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, UBS AG set a $219.00 price target on Credicorp and gave the company a “buy” rating in a research note on Tuesday, August 15th.

The stock’s 50-day moving average price is $189.46 and its 200-day moving average price is $172.09. The company’s market capitalization is $16.14 billion.

Institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC increased its position in shares of Credicorp by 0.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,609 shares of the bank’s stock worth $263,000 after buying an additional 13 shares in the last quarter. Huntington National Bank increased its position in shares of Credicorp by 3.4% in the first quarter. Huntington National Bank now owns 764 shares of the bank’s stock worth $125,000 after buying an additional 25 shares in the last quarter. Jennison Associates LLC increased its position in shares of Credicorp by 0.8% in the second quarter. Jennison Associates LLC now owns 3,424 shares of the bank’s stock worth $614,000 after buying an additional 26 shares in the last quarter. Commonwealth Bank of Australia increased its position in shares of Credicorp by 0.3% in the second quarter. Commonwealth Bank of Australia now owns 7,895 shares of the bank’s stock worth $1,415,000 after buying an additional 27 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its position in shares of Credicorp by 2.7% in the second quarter. Wetherby Asset Management Inc. now owns 2,012 shares of the bank’s stock worth $361,000 after buying an additional 53 shares in the last quarter. 69.31% of the stock is owned by institutional investors and hedge funds.

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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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