Ritholtz Wealth Management increased its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 29.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,014 shares of the bank's stock after buying an additional 2,037 shares during the period. Ritholtz Wealth Management's holdings in Credicorp were worth $1,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new position in Credicorp during the third quarter valued at $58,000. Aprio Wealth Management LLC acquired a new position in shares of Credicorp during the 4th quarter worth about $200,000. Sanctuary Advisors LLC purchased a new position in Credicorp in the 2nd quarter valued at about $210,000. Dynamic Advisor Solutions LLC acquired a new stake in Credicorp in the 3rd quarter worth about $216,000. Finally, Atomi Financial Group Inc. purchased a new stake in Credicorp during the 3rd quarter worth approximately $236,000. Institutional investors and hedge funds own 89.81% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on BAP. JPMorgan Chase & Co. raised their target price on Credicorp from $200.00 to $219.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. The Goldman Sachs Group lifted their target price 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 reduced their target price 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 Price Performance
Shares of NYSE:BAP traded down $4.95 during midday trading on Friday, hitting $181.80. The company had a trading volume of 372,958 shares, compared to its average volume of 206,978. Credicorp Ltd. has a twelve month low of $146.05 and a twelve month high of $200.00. The stock has a market cap of $14.46 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 0.48 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. The business's 50-day simple moving average is $187.42 and its 200-day simple moving average is $179.70.
About Credicorp
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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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