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Connor Clark & Lunn Investment Management Ltd. Acquires New Holdings in Credicorp Ltd. (NYSE:BAP)

Defense World ·  Sep 5, 2022 05:41

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Credicorp Ltd. (NYSE:BAP – Get Rating) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 1,938 shares of the bank's stock, valued at approximately $333,000.

Several other hedge funds also recently bought and sold shares of BAP. Envestnet Asset Management Inc. grew its stake in 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 in the last quarter. American Century Companies Inc. grew its stake in 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 in the last quarter. SG Americas Securities LLC grew its stake in 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 in the last quarter. Northern Trust Corp grew its stake in Credicorp by 9.4% during the fourth quarter. Northern Trust Corp now owns 262,757 shares of the bank's stock valued at $32,074,000 after acquiring an additional 22,678 shares in the last quarter. Finally, abrdn plc grew its stake in Credicorp by 251.5% during the fourth quarter. abrdn plc now owns 264,605 shares of the bank's stock valued at $32,300,000 after acquiring an additional 189,334 shares in the last quarter.

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Wall Street Analysts Forecast Growth

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

Credicorp Trading Up 0.3 %

Shares of Credicorp stock opened at $126.85 on Monday. Credicorp Ltd. has a 1 year low of $103.01 and a 1 year high of $182.11. The firm has a market cap of $10.12 billion, a PE ratio of 10.88, a PEG ratio of 0.39 and a beta of 0.91. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.15 and a quick ratio of 1.15. The company has a 50 day simple moving average of $127.98 and a two-hundred day simple moving average of $140.58.

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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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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