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Qube Research & Technologies Ltd Buys Shares of 5,963 Credicorp Ltd. (NYSE:BAP)

Defense World ·  Aug 18, 2022 04:41

Qube Research & Technologies Ltd purchased a new stake in shares of Credicorp Ltd. (NYSE:BAP – Get Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 5,963 shares of the bank's stock, valued at approximately $1,025,000.

Several other large investors have also recently modified their holdings of BAP. Yousif Capital Management LLC bought a new position in shares of Credicorp during the fourth quarter valued at $356,000. Envestnet Asset Management Inc. raised its stake in shares of Credicorp by 35.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 18,850 shares of the bank's stock valued at $2,301,000 after acquiring an additional 4,940 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Credicorp by 24.3% during the fourth quarter. American Century Companies Inc. now owns 7,091 shares of the bank's stock valued at $866,000 after acquiring an additional 1,385 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Credicorp by 23.4% during the fourth quarter. SG Americas Securities LLC now owns 2,768 shares of the bank's stock valued at $338,000 after acquiring an additional 524 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Credicorp by 994.4% during the fourth quarter. Victory Capital Management Inc. now owns 185,617 shares of the bank's stock valued at $22,658,000 after acquiring an additional 168,656 shares during the last quarter.

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Analyst Upgrades and Downgrades

Separately, Credit Suisse Group raised shares of Credicorp from a "neutral" rating to an "outperform" rating and lowered their target price for the stock from $151.32 to $142.00 in a research note on Tuesday, July 19th.

Credicorp Price Performance

Shares of NYSE BAP opened at $137.09 on Thursday. Credicorp Ltd. has a twelve month low of $88.67 and a twelve month high of $182.11. The firm has a fifty day simple moving average of $126.83 and a 200 day simple moving average of $141.38. The company has a market capitalization of $10.93 billion, a PE ratio of 11.76, a P/E/G ratio of 0.39 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63.

Credicorp Profile

(Get Rating)

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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