Jane Street Group LLC lessened its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 64.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,416 shares of the bank's stock after selling 9,913 shares during the quarter. Jane Street Group LLC's holdings in Credicorp were worth $980,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in shares of Credicorp in the 3rd quarter worth about $58,000. Headlands Technologies LLC purchased a new position in Credicorp in the second quarter worth about $84,000. Sanctuary Advisors LLC bought a new stake in Credicorp during the second quarter worth approximately $210,000. Dynamic Advisor Solutions LLC bought a new stake in Credicorp during the third quarter worth approximately $216,000. Finally, Atomi Financial Group Inc. purchased a new stake in Credicorp during the third quarter valued at approximately $236,000. Hedge funds and other institutional investors own 89.81% of the company's stock.
Credicorp Trading Up 1.7 %
Shares of NYSE BAP traded up $3.14 during midday trading on Wednesday, hitting $183.32. The company's stock had a trading volume of 284,713 shares, compared to its average volume of 236,235. Credicorp Ltd. has a 12-month low of $144.22 and a 12-month high of $200.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The firm has a market cap of $14.58 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The business's 50 day moving average is $187.62 and its two-hundred day moving average is $177.48.
Wall Street Analysts Forecast Growth
BAP has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Credicorp from $200.00 to $219.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. The Goldman Sachs Group lifted their price objective on shares of Credicorp from $143.00 to $160.00 and gave the stock a "sell" rating in a research note on Tuesday, October 8th. Finally, Bank of America cut shares of Credicorp from a "buy" rating to a "neutral" rating and cut their price objective for the company from $209.00 to $208.00 in a research report on Monday, December 16th.
View Our Latest Research Report on BAP
Credicorp 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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