VIRGINIA RETIREMENT SYSTEMS ET Al Invests $3.86 Million in Credicorp Ltd. $BAP

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Credicorp Ltd. (NYSE:BAP) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 9,900 shares of the bank’s stock, valued at approximately $3,857,000.

A number of other institutional investors have also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. purchased a new position in Credicorp in the second quarter valued at about $25,000. Quantbot Technologies LP purchased a new stake in shares of Credicorp during the 2nd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Credicorp during the 2nd quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Credicorp during the 1st quarter valued at about $40,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Credicorp in the 3rd quarter valued at approximately $35,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Trading Down 0.5%

Shares of Credicorp stock opened at $375.20 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38. Credicorp Ltd. has a 1 year low of $230.45 and a 1 year high of $413.24. The company’s fifty day simple moving average is $384.82 and its 200-day simple moving average is $356.70. The company has a market cap of $35.41 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.74 and a beta of 0.88.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BAP. Weiss Ratings raised shares of Credicorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, September 3rd. UBS Group lifted their price objective on shares of Credicorp from $412.00 to $473.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Morgan Stanley raised shares of Credicorp from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $375.00 to $480.00 in a research report on Wednesday, June 17th. JPMorgan Chase & Co. cut Credicorp from an “overweight” rating to a “neutral” rating and set a $415.00 price target for the company. in a research report on Monday, June 15th. Finally, 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 report on Tuesday, May 19th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $418.40.

About Credicorp

Credicorp Ltd. (NYSE: BAP) is a financial services holding company based in Peru. Through its subsidiaries, the company provides banking, insurance, pension, investment banking and wealth management services to individuals, businesses and institutions.

Its principal banking subsidiary is Banco de Crédito del Perú (BCP), one of Peru’s major banks, which offers deposits, loans, payment services, credit cards and other financial products. Credicorp also operates Mibanco, a bank focused on microfinance and small businesses, and Grupo Pacífico, which provides property and casualty, life and health insurance products.