Connor Clark & Lunn Investment Management Ltd. raised its holdings in Credicorp Ltd. (NYSE:BAP – Get Rating) by 665.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,046 shares of the bank’s stock after purchasing an additional 28,731 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Credicorp were worth $4,058,000 at the end of the most recent reporting period.
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Other large investors have also modified their holdings of the company. Janiczek Wealth Management LLC raised its position in shares of Credicorp by 20.9% in the third quarter. Janiczek Wealth Management LLC now owns 620 shares of the bank’s stock worth $79,000 after acquiring an additional 107 shares during the period. US Bancorp DE raised its position in shares of Credicorp by 47.3% in the third quarter. US Bancorp DE now owns 853 shares of the bank’s stock worth $105,000 after acquiring an additional 274 shares during the period. Ronald Blue Trust Inc. acquired a new position in shares of Credicorp in the second quarter worth about $124,000. PNC Financial Services Group Inc. raised its position 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 acquiring an additional 173 shares during the period. Finally, Alterna Wealth Management Inc. acquired a new position in shares of Credicorp in the third quarter worth about $207,000. Institutional investors and hedge funds own 69.13% of the company’s stock.
Analyst Upgrades and Downgrades
BAP has been the subject of several research analyst reports. Credit Suisse Group initiated coverage on shares of Credicorp in a research report on Tuesday, December 13th. They set an “outperform” rating and a $142.00 price target for the company. Itau BBA Securities upgraded shares of Credicorp from a “market perform” rating to an “outperform” rating and set a $156.00 price target for the company in a research report on Tuesday, January 3rd.
Credicorp Stock Up 0.0 %
BAP stock opened at $129.78 on Thursday. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 0.38 and a beta of 0.91. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.14. Credicorp Ltd. has a 12 month low of $113.21 and a 12 month high of $182.11. The firm has a 50-day moving average of $138.50 and a two-hundred day moving average of $137.64.
Credicorp Profile
Credicorp Ltd. operates as a holding company, which engages in the provision of financial services. It operates through the following segments: Universal Banking; Microfinance; Insurance and Pensions; and Investment Banking and Wealth Management. The Universal Banking segment focuses on lending and investment services.
See Also
Want to see what other hedge funds are holding BAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credicorp Ltd. (NYSE:BAP – Get Rating).
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