Global Thematic Partners LLC Increases Stake in Credicorp Ltd. (BAP)
Global Thematic Partners LLC boosted its position in Credicorp Ltd. (NYSE:BAP) by 62.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,829 shares of the company’s stock after buying an additional 10,344 shares during the period. Global Thematic Partners LLC’s holdings in Credicorp were worth $4,084,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BAP. Peddock Capital Advisors LLC purchased a new position in Credicorp during the third quarter worth $122,000. Tower Research Capital LLC TRC purchased a new position in Credicorp during the second quarter worth $146,000. Smith Asset Management Group LP purchased a new position in Credicorp during the second quarter worth $203,000. CAM Group Holding A S increased its position in Credicorp by 55.6% in the second quarter. CAM Group Holding A S now owns 1,400 shares of the company’s stock worth $216,000 after buying an additional 500 shares during the period. Finally, Tdam USA Inc. purchased a new position in Credicorp during the second quarter worth $220,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.
Credicorp Ltd. (NYSE:BAP) traded up 2.14% during trading on Wednesday, hitting $156.69. The stock had a trading volume of 683,843 shares. The company’s market capitalization is $12.47 billion. The stock’s 50-day moving average price is $151.47 and its 200-day moving average price is $153.15. Credicorp Ltd. has a 1-year low of $84.72 and a 1-year high of $166.26.
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BAP has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on Credicorp from $166.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. Zacks Investment Research downgraded Credicorp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $154.00 price objective on shares of Credicorp in a research note on Tuesday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $175.75.
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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