Credicorp Ltd. (BAP) Upgraded to Buy by BidaskClub
BidaskClub upgraded shares of Credicorp Ltd. (NYSE:BAP) from a hold rating to a buy rating in a research note released on Saturday morning.
Other analysts also recently issued research reports about the company. Credit Suisse Group set a $196.00 price objective on Credicorp and gave the stock a buy rating in a research note on Saturday, May 6th. Zacks Investment Research upgraded Credicorp from a hold rating to a buy rating and set a $174.00 target price on the stock in a report on Tuesday, April 18th.
Credicorp (NYSE BAP) traded down 0.13% during midday trading on Friday, hitting $178.57. The stock had a trading volume of 328,821 shares. The firm’s market cap is $14.19 billion. The stock has a 50-day moving average price of $168.12 and a 200 day moving average price of $163.16. Credicorp has a one year low of $140.97 and a one year high of $180.92.
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Several institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Credicorp by 9,913.1% in the first quarter. BlackRock Inc. now owns 4,287,311 shares of the bank’s stock worth $700,118,000 after buying an additional 4,244,494 shares in the last quarter. Legato Capital Management LLC increased its position in shares of Credicorp by 16,230.0% in the first quarter. Legato Capital Management LLC now owns 2,857,750 shares of the bank’s stock worth $17,500,000 after buying an additional 2,840,250 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Credicorp by 24.7% in the first quarter. Vanguard Group Inc. now owns 2,311,345 shares of the bank’s stock worth $377,442,000 after buying an additional 458,288 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of Credicorp by 127.4% in the first quarter. OppenheimerFunds Inc. now owns 616,860 shares of the bank’s stock worth $100,733,000 after buying an additional 345,605 shares in the last quarter. Finally, FMR LLC increased its position in shares of Credicorp by 29.2% in the first quarter. FMR LLC now owns 1,488,501 shares of the bank’s stock worth $243,072,000 after buying an additional 336,149 shares in the last quarter. Institutional investors and hedge funds own 69.23% of the company’s stock.
Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.
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