TD Waterhouse Canada Inc. Buys 5,762 Shares of Credicorp Ltd. $BAP

TD Waterhouse Canada Inc. boosted its position in shares of Credicorp Ltd. (NYSE:BAP) by 62.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,000 shares of the bank’s stock after purchasing an additional 5,762 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Credicorp were worth $5,805,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Credicorp during the 2nd quarter worth $1,933,666,000. Pzena Investment Management LLC acquired a new stake in Credicorp during the 2nd quarter worth approximately $325,911,000. Bank of Nova Scotia bought a new stake in shares of Credicorp in the second quarter worth $311,294,000. Bank of America Corp DE bought a new stake in shares of Credicorp in the 2nd quarter valued at about $264,501,000. Finally, William Blair Investment Management LLC bought a new stake in Credicorp in the second quarter valued at approximately $243,544,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of NYSE BAP opened at $382.97 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. The stock’s 50-day simple moving average is $385.33 and its two-hundred day simple moving average is $355.95. The firm has a market capitalization of $36.14 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.75 and a beta of 0.88. Credicorp Ltd. has a twelve month low of $230.45 and a twelve month high of $413.24.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings upgraded Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday. The Goldman Sachs Group lifted their price objective on shares of Credicorp from $329.00 to $374.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Morgan Stanley upgraded Credicorp from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $375.00 to $480.00 in a report on Wednesday, June 17th. HSBC raised shares of Credicorp from a “hold” rating to a “buy” rating and upped their price objective for the stock from $320.00 to $350.00 in a research report on Tuesday, May 19th. Finally, UBS Group upped their price objective on Credicorp from $412.00 to $473.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Credicorp presently has an average rating of “Moderate Buy” and a consensus price target of $418.40.

Credicorp Profile

Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.

Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions.