2,300 Shares in Credicorp Ltd. (NYSE:BAP) Acquired by Board of the Pension Protection Fund

Board of the Pension Protection Fund bought a new stake in shares of Credicorp Ltd. (NYSE:BAP) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,300 shares of the bank’s stock, valued at approximately $422,000.

Several other hedge funds also recently bought and sold shares of BAP. Brown Brothers Harriman & Co. acquired a new stake in shares of Credicorp during the third quarter valued at $58,000. Headlands Technologies LLC acquired a new stake in shares of Credicorp during the 2nd quarter worth about $84,000. Aprio Wealth Management LLC purchased a new stake in shares of Credicorp during the fourth quarter worth about $200,000. Sanctuary Advisors LLC acquired a new position in shares of Credicorp in the second quarter valued at approximately $210,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of Credicorp during the third quarter valued at approximately $216,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

NYSE:BAP opened at $187.67 on Wednesday. Credicorp Ltd. has a fifty-two week low of $145.49 and a fifty-two week high of $200.00. The firm’s 50 day moving average is $187.26 and its two-hundred day moving average is $179.15. The company has a market cap of $14.93 billion, a P/E ratio of 10.77, a P/E/G ratio of 0.66 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66.

Analyst Ratings Changes

Several brokerages have weighed in on BAP. JPMorgan Chase & Co. boosted their price target on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. The Goldman Sachs Group upped their target price on Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. Finally, Bank of America lowered Credicorp from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $209.00 to $208.00 in a research note on Monday, December 16th.

Credicorp Profile

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.