GW&K Investment Management LLC reduced its position in shares of Credicorp Ltd. (NYSE:BAP) by 0.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 114,946 shares of the bank’s stock after selling 82 shares during the period. GW&K Investment Management LLC’s holdings in Credicorp were worth $26,312,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. CIBC World Markets Inc. purchased a new stake in Credicorp during the 1st quarter worth approximately $251,000. First Quadrant L P CA purchased a new stake in shares of Credicorp in the second quarter valued at approximately $298,000. Comerica Bank grew its position in shares of Credicorp by 15.0% in the first quarter. Comerica Bank now owns 5,509 shares of the bank’s stock valued at $1,331,000 after purchasing an additional 718 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Credicorp by 1.5% in the first quarter. Lazard Asset Management LLC now owns 569,537 shares of the bank’s stock valued at $136,659,000 after purchasing an additional 8,157 shares in the last quarter. Finally, Renaissance Group LLC grew its position in shares of Credicorp by 1.0% in the first quarter. Renaissance Group LLC now owns 70,858 shares of the bank’s stock valued at $17,002,000 after purchasing an additional 669 shares in the last quarter. Institutional investors own 67.24% of the company’s stock.

A number of research firms have recently issued reports on BAP. JPMorgan Chase & Co. upgraded Credicorp from a “neutral” rating to an “overweight” rating and upped their price target for the company from $232.00 to $250.00 in a research report on Tuesday, August 13th. ValuEngine lowered Credicorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered Credicorp from a “hold” rating to a “sell” rating in a research report on Friday, August 16th. Finally, HSBC upgraded Credicorp from a “hold” rating to a “buy” rating and upped their price target for the company from $245.00 to $250.00 in a research report on Tuesday, August 13th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $258.00.

Shares of BAP stock traded down $2.38 during trading hours on Friday, reaching $201.33. The company had a trading volume of 229,365 shares, compared to its average volume of 337,965. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a fifty day moving average of $221.29 and a 200-day moving average of $230.73. The company has a market capitalization of $16.25 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.96 and a beta of 0.70. Credicorp Ltd. has a 12-month low of $200.34 and a 12-month high of $252.49.

About Credicorp

Credicorp Ltd., a financial services holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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