Commonwealth Bank of Australia increased its position in Credicorp Ltd. (NYSE:BAP) by 9.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 10,368 shares of the bank’s stock after purchasing an additional 899 shares during the period. Commonwealth Bank of Australia’s holdings in Credicorp were worth $2,309,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BAP. Atria Investments LLC bought a new stake in Credicorp during the third quarter worth approximately $272,000. Victory Capital Management Inc. bought a new stake in Credicorp during the second quarter worth approximately $279,000. Fulton Bank N.A. bought a new stake in Credicorp during the third quarter worth approximately $403,000. Eqis Capital Management Inc. bought a new stake in Credicorp during the second quarter worth approximately $408,000. Finally, Highstreet Asset Management Inc. increased its stake in Credicorp by 13.8% during the third quarter. Highstreet Asset Management Inc. now owns 2,041 shares of the bank’s stock worth $455,000 after acquiring an additional 248 shares during the last quarter. Institutional investors own 66.21% of the company’s stock.

Shares of NYSE BAP opened at $217.56 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.85. Credicorp Ltd. has a 1-year low of $189.69 and a 1-year high of $239.54. The company has a market cap of $18.04 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 1.33 and a beta of 0.79.

Separately, UBS Group assumed coverage on Credicorp in a research note on Friday, October 26th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $252.00.

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About Credicorp

Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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