AMP Capital Investors Ltd Has $8.90 Million Stake in Credicorp Ltd. (BAP)

AMP Capital Investors Ltd raised its stake in Credicorp Ltd. (NYSE:BAP) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,423 shares of the bank’s stock after purchasing an additional 1,907 shares during the quarter. AMP Capital Investors Ltd owned 0.05% of Credicorp worth $8,903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Credicorp by 8.2% in the second quarter. JPMorgan Chase & Co. now owns 2,816,921 shares of the bank’s stock worth $505,327,000 after purchasing an additional 213,085 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Credicorp by 4.1% during the second quarter. Vanguard Group Inc. now owns 2,406,803 shares of the bank’s stock valued at $431,756,000 after acquiring an additional 95,458 shares during the last quarter. FMR LLC increased its position in shares of Credicorp by 14.7% during the second quarter. FMR LLC now owns 1,707,394 shares of the bank’s stock valued at $306,289,000 after acquiring an additional 218,893 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Credicorp by 1.3% during the second quarter. Nordea Investment Management AB now owns 1,333,036 shares of the bank’s stock valued at $239,133,000 after acquiring an additional 16,691 shares during the last quarter. Finally, Harding Loevner LP increased its position in shares of Credicorp by 1.7% during the third quarter. Harding Loevner LP now owns 1,052,453 shares of the bank’s stock valued at $215,774,000 after acquiring an additional 17,695 shares during the last quarter. 66.16% of the stock is owned by hedge funds and other institutional investors.

BAP has been the subject of a number of research analyst reports. HSBC downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. ValuEngine downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday. Citigroup downgraded Credicorp from a “buy” rating to a “neutral” rating in a research report on Friday, September 29th. Zacks Investment Research downgraded Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, UBS set a $219.00 price target on Credicorp and gave the company a “buy” rating in a research report on Tuesday, August 15th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Credicorp has an average rating of “Buy” and a consensus price target of $224.25.

Shares of Credicorp Ltd. (NYSE BAP) opened at $210.61 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $16,595.05, a P/E ratio of 15.18, a P/E/G ratio of 1.19 and a beta of 0.86. Credicorp Ltd. has a 52-week low of $150.71 and a 52-week high of $215.69.

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Credicorp Company Profile

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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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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