Nordea Investment Management AB raised its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 18.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,008 shares of the bank's stock after purchasing an additional 3,753 shares during the period. Nordea Investment Management AB's holdings in Credicorp were worth $4,362,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in Credicorp in the 3rd quarter valued at about $58,000. Headlands Technologies LLC bought a new position in shares of Credicorp in the second quarter valued at approximately $84,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Credicorp during the third quarter valued at approximately $216,000. Sanctuary Advisors LLC acquired a new stake in Credicorp in the second quarter worth approximately $210,000. Finally, Atomi Financial Group Inc. acquired a new stake in Credicorp in the third quarter worth approximately $236,000. Institutional investors and hedge funds own 89.81% of the company's stock.
Credicorp Trading Down 2.1 %
Shares of Credicorp stock traded down $3.89 on Friday, reaching $179.89. 395,076 shares of the company were exchanged, compared to its average volume of 216,229. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. Credicorp Ltd. has a fifty-two week low of $145.00 and a fifty-two week high of $200.00. The firm has a market capitalization of $14.31 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 0.66 and a beta of 1.12. The stock has a fifty day moving average price of $187.17 and a 200-day moving average price of $178.71.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on BAP. The Goldman Sachs Group upped their price objective on Credicorp from $143.00 to $160.00 and gave the company a "sell" rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Credicorp from $200.00 to $219.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Finally, Bank of America cut shares of Credicorp from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $209.00 to $208.00 in a research note on Monday, December 16th.
View Our Latest Report on BAP
Credicorp Company Profile
(
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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