Hsbc Holdings PLC Purchases 41,734 Shares of Credicorp Ltd. $BAP

Hsbc Holdings PLC raised its position in shares of Credicorp Ltd. (NYSE:BAP) by 23.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 216,855 shares of the bank’s stock after purchasing an additional 41,734 shares during the quarter. Hsbc Holdings PLC’s holdings in Credicorp were worth $84,497,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Credicorp during the first quarter valued at approximately $78,000. Cetera Investment Advisers lifted its position in Credicorp by 36.3% in the 2nd quarter. Cetera Investment Advisers now owns 1,786 shares of the bank’s stock valued at $399,000 after acquiring an additional 476 shares in the last quarter. State Street Corp lifted its position in Credicorp by 1.6% in the 2nd quarter. State Street Corp now owns 1,197,536 shares of the bank’s stock valued at $267,673,000 after acquiring an additional 19,361 shares in the last quarter. Nebula Research & Development LLC purchased a new stake in Credicorp during the 2nd quarter valued at $355,000. Finally, Quantinno Capital Management LP boosted its stake in Credicorp by 24.7% during the 2nd quarter. Quantinno Capital Management LP now owns 5,468 shares of the bank’s stock valued at $1,222,000 after purchasing an additional 1,083 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Trading Up 0.1%

NYSE:BAP opened at $382.97 on Monday. The company has a market cap of $36.14 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 0.75 and a beta of 0.88. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38. The company has a 50 day simple moving average of $385.33 and a two-hundred day simple moving average of $355.95. Credicorp Ltd. has a 12 month low of $230.45 and a 12 month high of $413.24.

Analyst Ratings Changes

BAP has been the subject of several recent analyst reports. UBS Group boosted their price target on Credicorp from $412.00 to $473.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. HSBC raised Credicorp from a “hold” rating to a “buy” rating and increased their price objective for the company from $320.00 to $350.00 in a research report on Tuesday, May 19th. Morgan Stanley upgraded Credicorp from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $375.00 to $480.00 in a report on Wednesday, June 17th. Weiss Ratings raised Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. cut shares of Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 target price on the stock. in a research note on Monday, June 15th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $418.40.

Credicorp Company 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.