Dimensional Fund Advisors LP Boosts Position in Credicorp Ltd. (BAP)
Dimensional Fund Advisors LP increased its position in shares of Credicorp Ltd. (NYSE:BAP) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 319,322 shares of the bank’s stock after acquiring an additional 781 shares during the period. Dimensional Fund Advisors LP owned about 0.40% of Credicorp worth $57,313,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of BAP. Advisor Group Inc. lifted its stake in Credicorp by 143.0% during the 2nd quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock worth $130,000 after acquiring an additional 426 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Credicorp by 50.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 846 shares of the bank’s stock worth $138,000 after acquiring an additional 282 shares in the last quarter. US Bancorp DE lifted its stake in Credicorp by 117.4% during the 1st quarter. US Bancorp DE now owns 1,248 shares of the bank’s stock worth $204,000 after acquiring an additional 674 shares in the last quarter. Blair William & Co. IL acquired a new position in Credicorp during the 2nd quarter worth about $239,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Credicorp during the 2nd quarter worth about $247,000. 66.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Credicorp Ltd. (BAP) opened at 208.34 on Tuesday. Credicorp Ltd. has a one year low of $145.02 and a one year high of $213.83. The firm’s 50-day moving average price is $205.76 and its 200 day moving average price is $183.24. The stock’s market cap is $16.56 billion.
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Several equities analysts recently issued reports on BAP shares. BidaskClub raised Credicorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. UBS AG lowered Credicorp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. Citigroup Inc. downgraded Credicorp from a “buy” rating to a “neutral” rating in a report on Friday, September 29th. Bank of America Corporation downgraded Credicorp from a “buy” rating to a “neutral” rating in a report on Monday, September 18th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $248.00 price target on shares of Credicorp in a report on Monday, September 11th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Credicorp presently has an average rating of “Buy” and a consensus price target of $221.00.
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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