Geode Capital Management LLC lessened its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 456,138 shares of the bank's stock after selling 25,151 shares during the period. Geode Capital Management LLC's holdings in Credicorp were worth $81,931,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Ritholtz Wealth Management boosted its holdings in Credicorp by 95.4% during the 3rd quarter. Ritholtz Wealth Management now owns 6,977 shares of the bank's stock valued at $1,263,000 after acquiring an additional 3,406 shares during the period. CWA Asset Management Group LLC bought a new stake in shares of Credicorp during the third quarter worth $1,737,000. MBB Public Markets I LLC bought a new position in shares of Credicorp in the second quarter worth about $770,000. Carrhae Capital LLP purchased a new position in Credicorp in the 3rd quarter worth about $27,974,000. Finally, FMR LLC lifted its holdings in Credicorp by 6.1% during the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank's stock valued at $623,735,000 after buying an additional 199,137 shares in the last quarter. Institutional investors own 89.81% of the company's stock.
Credicorp Stock Up 1.1 %
NYSE:BAP traded up $1.96 during trading hours on Friday, reaching $182.13. The company's stock had a trading volume of 415,343 shares, compared to its average volume of 237,400. The stock has a 50 day moving average price of $188.36 and a two-hundred day moving average price of $176.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $14.48 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. Credicorp Ltd. has a 12 month low of $144.22 and a 12 month high of $200.00.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on BAP shares. JPMorgan Chase & Co. upped 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 lifted their target price on Credicorp from $143.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, October 8th. Finally, Bank of America downgraded Credicorp from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $209.00 to $208.00 in a research report on Monday.
Check Out Our Latest Analysis on Credicorp
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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