The Manufacturers Life Insurance Company raised its stake in Credicorp Ltd. (NYSE:BAP) by 21.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 116,801 shares of the bank’s stock after purchasing an additional 20,666 shares during the period. The Manufacturers Life Insurance Company owned 0.15% of Credicorp worth $20,954,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BAP. Advisor Group Inc. grew its position in shares of Credicorp by 143.0% during the 2nd quarter. Advisor Group Inc. now owns 724 shares of the bank’s stock valued at $130,000 after buying an additional 426 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Credicorp by 50.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 846 shares of the bank’s stock valued at $138,000 after buying an additional 282 shares during the last quarter. US Bancorp DE grew its position in shares of Credicorp by 117.4% during the 1st quarter. US Bancorp DE now owns 1,248 shares of the bank’s stock valued at $204,000 after buying an additional 674 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of Credicorp during the 2nd quarter valued at about $239,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Credicorp during the 2nd quarter valued at about $247,000. 66.32% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on BAP shares. Bank of America Corporation downgraded shares of Credicorp from a “buy” rating to a “neutral” rating in a research report on Monday, September 18th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $248.00 price objective on shares of Credicorp in a research report on Monday, September 11th. UBS AG set a $219.00 price objective on shares of Credicorp and gave the company a “buy” rating in a research report on Tuesday, August 15th. Citigroup Inc. downgraded shares of Credicorp from a “buy” rating to a “neutral” rating in a research report on Friday, September 29th. Finally, Zacks Investment Research downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $221.00.

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Shares of Credicorp Ltd. (NYSE:BAP) opened at 208.34 on Tuesday. The company’s market cap is $16.56 billion. Credicorp Ltd. has a 12 month low of $145.02 and a 12 month high of $213.83. The company’s 50 day moving average is $205.76 and its 200-day moving average is $183.24.

About Credicorp

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.

Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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