Principal Financial Group Inc. grew its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 347,083 shares of the bank's stock after acquiring an additional 25,742 shares during the period. Principal Financial Group Inc. owned 0.44% of Credicorp worth $62,812,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in shares of Credicorp during the 3rd quarter valued at $58,000. Headlands Technologies LLC bought a new stake in shares of Credicorp during the second quarter valued at about $84,000. Atlas Capital Advisors LLC lifted its holdings in shares of Credicorp by 14.9% in the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank's stock worth $111,000 after buying an additional 89 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of Credicorp in the third quarter valued at approximately $216,000. Finally, Sanctuary Advisors LLC purchased a new position in Credicorp during the second quarter valued at approximately $210,000. 89.81% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on BAP shares. JPMorgan Chase & Co. increased their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group increased their price objective on Credicorp from $143.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, October 8th. Finally, Bank of America cut Credicorp from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $209.00 to $208.00 in a research report on Monday, December 16th.
Check Out Our Latest Stock Report on BAP
Credicorp Price Performance
Shares of Credicorp stock traded up $1.96 during trading on Friday, hitting $182.13. 415,343 shares of the stock traded hands, compared to its average volume of 237,400. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 0.66 and a beta of 1.13. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. Credicorp Ltd. has a 52 week low of $144.22 and a 52 week high of $200.00. The firm's fifty day moving average is $188.36 and its 200-day moving average is $176.24.
About Credicorp
(
Free Report)
Credicorp Ltd. 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 Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.
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