Artisan Partners Limited Partnership Has $11.71 Million Stake in Credicorp Ltd. (NYSE:BAP)

Artisan Partners Limited Partnership increased its holdings in Credicorp Ltd. (NYSE:BAPFree Report) by 25.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,514 shares of the bank’s stock after purchasing an additional 18,631 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.12% of Credicorp worth $11,711,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BAP. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Credicorp in the first quarter worth $1,340,000. PNC Financial Services Group Inc. grew its stake in shares of Credicorp by 20.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank’s stock worth $179,000 after purchasing an additional 173 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of Credicorp in the first quarter worth $234,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Credicorp in the first quarter worth $468,000. Finally, Yousif Capital Management LLC grew its stake in shares of Credicorp by 40.2% in the first quarter. Yousif Capital Management LLC now owns 4,084 shares of the bank’s stock worth $702,000 after purchasing an additional 1,170 shares during the last quarter. Institutional investors own 70.05% of the company’s stock.

Credicorp Price Performance

Shares of NYSE BAP opened at $154.28 on Friday. The firm’s 50-day moving average price is $146.03 and its 200-day moving average price is $138.35. Credicorp Ltd. has a 1-year low of $116.42 and a 1-year high of $160.15. The firm has a market capitalization of $12.27 billion, a P/E ratio of 10.45, a P/E/G ratio of 0.66 and a beta of 1.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.47.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BAP shares. Jefferies Financial Group assumed coverage on shares of Credicorp in a research note on Monday, October 16th. They issued a “buy” rating and a $161.20 price objective on the stock. JPMorgan Chase & Co. upgraded shares of Credicorp from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $162.00 to $190.00 in a report on Friday, December 15th. Finally, UBS Group dropped their target price on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, February 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $180.40.

Check Out Our Latest Stock Report on BAP

About Credicorp

(Free Report)

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. Its Universal Banking segment includes granting various credits and financial instruments to individuals and legal entities; and various deposits and checking accounts. The Insurance and Pensions segment includes the issuance of insurance policies to cover losses in commercial property, transport, marine vessels, automobiles, life, health, and pensions; management services for private pension funds.

Further Reading

Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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