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

Board of the Pension Protection Fund purchased a new stake in shares of Credicorp Ltd. (NYSE:BAP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,300 shares of the bank’s stock, valued at approximately $422,000.

Several other institutional investors also recently bought and sold shares of the business. Brown Brothers Harriman & Co. acquired a new position in shares of Credicorp during the 3rd quarter valued at $58,000. Headlands Technologies LLC acquired a new position in shares of Credicorp during the second quarter worth about $84,000. Aprio Wealth Management LLC acquired a new position in shares of Credicorp during the fourth quarter worth about $200,000. Sanctuary Advisors LLC purchased a new stake in shares of Credicorp in the second quarter worth about $210,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in shares of Credicorp in the third quarter valued at about $216,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Stock Performance

Shares of BAP opened at $187.67 on Wednesday. Credicorp Ltd. has a 52-week low of $145.49 and a 52-week high of $200.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. The firm has a market cap of $14.93 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 0.66 and a beta of 1.12. The business’s 50 day moving average is $187.26 and its two-hundred day moving average is $179.15.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BAP shares. Bank of America cut 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 report on Monday, December 16th. JPMorgan Chase & Co. raised their price target on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group lifted their price target on shares of Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th.

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.