Candriam Luxembourg S.C.A. grew its stake in Credicorp Ltd. (NYSE:BAP – Get Rating) by 338.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 217,600 shares of the bank's stock after purchasing an additional 168,000 shares during the quarter. Candriam Luxembourg S.C.A.'s holdings in Credicorp were worth $37,397,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC grew its position in shares of Credicorp by 36.5% during the 1st quarter. Signaturefd LLC now owns 430 shares of the bank's stock worth $74,000 after buying an additional 115 shares during the period. Krane Funds Advisors LLC grew its position in shares of Credicorp by 12.9% during the 4th quarter. Krane Funds Advisors LLC now owns 638 shares of the bank's stock worth $78,000 after buying an additional 73 shares during the period. JJJ Advisors Inc. grew its position in shares of Credicorp by 23.0% during the 1st quarter. JJJ Advisors Inc. now owns 797 shares of the bank's stock worth $137,000 after buying an additional 149 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Credicorp by 20.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank's stock worth $179,000 after buying an additional 173 shares during the period. Finally, Atlas Capital Advisors LLC grew its position in shares of Credicorp by 11.7% during the 1st quarter. Atlas Capital Advisors LLC now owns 1,181 shares of the bank's stock worth $203,000 after buying an additional 124 shares during the period.
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Credicorp Price Performance
Shares of BAP opened at $129.38 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a 50 day simple moving average of $128.46 and a 200 day simple moving average of $139.40. Credicorp Ltd. has a 52-week low of $103.01 and a 52-week high of $182.11. The firm has a market capitalization of $10.32 billion, a PE ratio of 11.10, a P/E/G ratio of 0.38 and a beta of 0.90.
Analyst Upgrades and Downgrades
Separately, Credit Suisse Group upgraded Credicorp from a "neutral" rating to an "outperform" rating and decreased their price objective for the company from $151.32 to $142.00 in a research report on Tuesday, July 19th.
Credicorp Profile
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Credicorp Ltd., a financial service holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.
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