William Blair Investment Management LLC Grows Stock Position in Credicorp Ltd. (NYSE:BAP)

William Blair Investment Management LLC boosted its stake in shares of Credicorp Ltd. (NYSE:BAP) by 1.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 805,299 shares of the bank’s stock after acquiring an additional 9,868 shares during the quarter. William Blair Investment Management LLC owned 1.01% of Credicorp worth $118,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Osaic Holdings Inc. grew its holdings in Credicorp by 9.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,579 shares of the bank’s stock worth $233,000 after acquiring an additional 137 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Credicorp by 51.0% in the second quarter. Quadrant Capital Group LLC now owns 1,623 shares of the bank’s stock worth $240,000 after purchasing an additional 548 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in Credicorp by 0.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 72,883 shares of the bank’s stock valued at $10,760,000 after purchasing an additional 209 shares during the period. US Bancorp DE raised its position in Credicorp by 1,348.6% during the 2nd quarter. US Bancorp DE now owns 13,313 shares of the bank’s stock valued at $1,966,000 after purchasing an additional 12,394 shares during the last quarter. Finally, Trillium Asset Management LLC lifted its holdings in Credicorp by 1.9% in the 2nd quarter. Trillium Asset Management LLC now owns 36,283 shares of the bank’s stock worth $5,357,000 after buying an additional 661 shares during the period. 70.05% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Stock Performance

Shares of Credicorp stock opened at $130.41 on Tuesday. Credicorp Ltd. has a 12 month low of $116.42 and a 12 month high of $160.15. The firm has a market capitalization of $10.37 billion, a P/E ratio of 8.50, a P/E/G ratio of 0.66 and a beta of 1.04. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $127.19 and a two-hundred day simple moving average of $138.55.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BAP. StockNews.com initiated coverage on Credicorp in a research note on Thursday, October 5th. They set a “hold” rating on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Credicorp from $175.00 to $162.00 and set a “neutral” rating on the stock in a research report on Monday, November 13th. Finally, Jefferies Financial Group started coverage on shares of Credicorp in a research report on Monday, October 16th. They issued a “buy” rating and a $161.20 target price for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.30.

Credicorp Company Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.