Quantbot Technologies LP Buys New Position in Credicorp Ltd. (NYSE:BAP)

Quantbot Technologies LP bought a new stake in Credicorp Ltd. (NYSE:BAPFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,064 shares of the bank’s stock, valued at approximately $136,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Credicorp by 6.9% during the third quarter. Barclays PLC now owns 300,052 shares of the bank’s stock worth $38,399,000 after purchasing an additional 19,360 shares during the period. Jump Financial LLC acquired a new position in Credicorp in the third quarter valued at about $486,000. abrdn plc grew its stake in Credicorp by 5.6% in the third quarter. abrdn plc now owns 873,830 shares of the bank’s stock valued at $111,824,000 after acquiring an additional 46,508 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Credicorp by 12.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,999 shares of the bank’s stock valued at $4,607,000 after acquiring an additional 3,866 shares during the period. Finally, Los Angeles Capital Management LLC grew its stake in Credicorp by 558.0% in the third quarter. Los Angeles Capital Management LLC now owns 26,676 shares of the bank’s stock valued at $3,414,000 after acquiring an additional 22,622 shares during the period. Institutional investors and hedge funds own 70.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on BAP. UBS Group decreased their price objective on Credicorp from $192.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 5th. JPMorgan Chase & Co. raised Credicorp from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $162.00 to $190.00 in a report on Friday, December 15th. Finally, Jefferies Financial Group assumed coverage on Credicorp in a report on Monday, October 16th. They set a “buy” rating and a $161.20 price target for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $180.40.

View Our Latest Stock Analysis on BAP

Credicorp Trading Up 2.8 %

NYSE BAP opened at $158.55 on Tuesday. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. Credicorp Ltd. has a twelve month low of $116.42 and a twelve month high of $160.15. The business’s fifty day moving average is $146.67 and its 200 day moving average is $138.24. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.47.

Credicorp Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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