Tower Research Capital LLC TRC acquired a new stake in shares of Credicorp Ltd. (NYSE:BAP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 947 shares of the company’s stock, valued at approximately $146,000.
Several other hedge funds have also recently made changes to their positions in the stock. Smith Asset Management Group LP purchased a new stake in shares of Credicorp during the second quarter valued at $203,000. CAM Group Holding A S raised its stake in shares of Credicorp by 55.6% in the second quarter. CAM Group Holding A S now owns 1,400 shares of the company’s stock valued at $216,000 after buying an additional 500 shares during the period. Tdam USA Inc. purchased a new stake in shares of Credicorp during the second quarter valued at $220,000. SeaBridge Investment Advisors LLC purchased a new stake in shares of Credicorp during the second quarter valued at $238,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Credicorp during the second quarter valued at $261,000. Institutional investors and hedge funds own 65.63% of the company’s stock.
Shares of Credicorp Ltd. (NYSE:BAP) opened at 146.53 on Friday. The firm has a 50 day moving average price of $155.59 and a 200-day moving average price of $149.14. Credicorp Ltd. has a 12 month low of $84.72 and a 12 month high of $166.26. The company’s market cap is $11.66 billion.
Several brokerages have recently weighed in on BAP. Zacks Investment Research upgraded Credicorp from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a report on Wednesday, July 6th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $154.00 target price on shares of Credicorp in a report on Tuesday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on Credicorp from $166.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target 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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