Teacher Retirement System of Texas increased its stake in shares of Credicorp Ltd. (NYSE:BAP) by 9.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,674 shares of the company’s stock after buying an additional 14,188 shares during the period. Teacher Retirement System of Texas owned approximately 0.20% of Credicorp worth $24,458,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. acquired a new stake in shares of Credicorp during the second quarter valued at about $123,236,000. Coronation Fund Managers Ltd. purchased a new position in Credicorp during the second quarter worth about $76,635,000. Axiom International Investors LLC DE increased its position in Credicorp by 148.5% in the second quarter. Axiom International Investors LLC DE now owns 656,319 shares of the company’s stock worth $101,290,000 after buying an additional 392,191 shares during the last quarter. Bank of Montreal Can purchased a new position in Credicorp during the second quarter worth about $59,181,000. Finally, Principal Financial Group Inc. purchased a new position in Credicorp during the second quarter worth about $51,529,000. 65.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Credicorp Ltd. (NYSE:BAP) traded up 2.02% during midday trading on Friday, reaching $152.69. The company had a trading volume of 256,067 shares. Credicorp Ltd. has a one year low of $84.72 and a one year high of $166.26. The company’s market capitalization is $12.15 billion. The company has a 50 day moving average of $150.91 and a 200 day moving average of $152.78.
Several brokerages recently commented on BAP. JPMorgan Chase & Co. increased their price target on Credicorp from $166.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Zacks Investment Research cut Credicorp from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Credit Suisse Group AG reissued a “buy” rating and set a $154.00 price target on shares of Credicorp in a report on Tuesday, August 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $175.75.
Credicorp Company Profile