Credicorp Ltd. (BAP) Shares Sold by Prudential Financial Inc.
Prudential Financial Inc. lessened its stake in shares of Credicorp Ltd. (NYSE:BAP) by 24.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,700 shares of the bank’s stock after selling 11,000 shares during the period. Prudential Financial Inc.’s holdings in Credicorp were worth $6,045,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Aviva PLC raised its position in shares of Credicorp by 2.9% during the 2nd quarter. Aviva PLC now owns 12,429 shares of the bank’s stock worth $2,229,000 after purchasing an additional 350 shares during the last quarter. GAM Holding AG raised its holdings in Credicorp by 4.9% in the 2nd quarter. GAM Holding AG now owns 60,500 shares of the bank’s stock valued at $10,853,000 after acquiring an additional 2,800 shares during the last quarter. Jennison Associates LLC raised its holdings in Credicorp by 0.8% in the 2nd quarter. Jennison Associates LLC now owns 3,424 shares of the bank’s stock valued at $614,000 after acquiring an additional 26 shares during the last quarter. Blair William & Co. IL acquired a new stake in Credicorp in the 2nd quarter valued at about $239,000. Finally, KBC Group NV raised its holdings in Credicorp by 14.2% in the 2nd quarter. KBC Group NV now owns 34,257 shares of the bank’s stock valued at $6,145,000 after acquiring an additional 4,262 shares during the last quarter. Hedge funds and other institutional investors own 66.45% of the company’s stock.
Shares of Credicorp Ltd. (BAP) opened at 212.85 on Friday. The stock has a 50 day moving average of $200.00 and a 200 day moving average of $176.83. The stock’s market cap is $16.92 billion. Credicorp Ltd. has a 1-year low of $144.23 and a 1-year high of $212.97.
BAP has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Credicorp from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a report on Thursday, June 1st. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $248.00 price objective on shares of Credicorp in a report on Monday, September 11th. Finally, BidaskClub upgraded shares of Credicorp from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $217.00.
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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