Ensign Peak Advisors Inc Acquires 1,050 Shares of Credicorp Ltd. (NYSE:BAP)

Ensign Peak Advisors Inc raised its holdings in Credicorp Ltd. (NYSE:BAP – Get Rating) by 20.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,100 shares of the bank’s stock after purchasing an additional 1,050 shares during the period. Ensign Peak Advisors Inc’s holdings in Credicorp were worth $749,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its holdings in Credicorp by 3.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,637,870 shares of the bank’s stock valued at $323,930,000 after purchasing an additional 98,032 shares during the period. Mondrian Investment Partners LTD raised its position in shares of Credicorp by 8.8% in the 3rd quarter. Mondrian Investment Partners LTD now owns 1,693,096 shares of the bank’s stock valued at $207,912,000 after buying an additional 137,289 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Credicorp by 2.5% in the 3rd quarter. Baillie Gifford & Co. now owns 1,328,538 shares of the bank’s stock valued at $163,145,000 after buying an additional 32,149 shares in the last quarter. Royal Bank of Canada raised its position in shares of Credicorp by 0.6% in the 3rd quarter. Royal Bank of Canada now owns 1,265,064 shares of the bank’s stock valued at $155,350,000 after buying an additional 7,228 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Credicorp by 5.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 880,892 shares of the bank’s stock valued at $105,628,000 after buying an additional 48,708 shares in the last quarter. Institutional investors own 69.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BAP. Itau BBA Securities upgraded shares of Credicorp from a “market perform” rating to an “outperform” rating and set a $156.00 target price for the company in a research report on Tuesday, January 3rd. Credit Suisse Group began coverage on shares of Credicorp in a research report on Tuesday, December 13th. They issued an “outperform” rating and a $142.00 target price for the company.

Credicorp Price Performance

BAP stock opened at $126.57 on Tuesday. The company has a 50 day simple moving average of $136.07 and a 200 day simple moving average of $137.07. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 0.44 and a beta of 0.91. Credicorp Ltd. has a 1 year low of $113.21 and a 1 year high of $182.11. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.05 and a quick ratio of 1.13.

Credicorp Company Profile

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Credicorp Ltd. operates as a holding company, which engages in the provision of financial services. It operates through the following segments: Universal Banking; Microfinance; Insurance and Pensions; and Investment Banking and Wealth Management. The Universal Banking segment focuses on lending and investment services.