Ensign Peak Advisors Inc Has $749,000 Stake in Credicorp Ltd. (NYSE:BAP)

Ensign Peak Advisors Inc increased its stake in shares of Credicorp Ltd. (NYSE:BAP – Get Rating) by 20.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,100 shares of the bank’s stock after acquiring an additional 1,050 shares during the period. Ensign Peak Advisors Inc’s holdings in Credicorp were worth $749,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janiczek Wealth Management LLC raised its holdings in shares of Credicorp by 20.9% during 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. Quadrant Capital Group LLC increased its stake in Credicorp by 191.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 724 shares of the bank’s stock valued at $89,000 after buying an additional 476 shares during the last quarter. US Bancorp DE increased its stake in Credicorp by 47.3% in the 3rd quarter. US Bancorp DE now owns 853 shares of the bank’s stock valued at $105,000 after buying an additional 274 shares during the last quarter. Ronald Blue Trust Inc. acquired a new stake in Credicorp in the 2nd quarter valued at $124,000. Finally, PNC Financial Services Group Inc. increased its stake in Credicorp by 20.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank’s stock valued at $179,000 after buying an additional 173 shares during the last quarter. 69.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BAP has been the topic of several recent research reports. Credit Suisse Group initiated coverage on shares of Credicorp in a research note on Tuesday, December 13th. They issued an “outperform” rating and a $142.00 price target on the stock. Itau BBA Securities raised shares of Credicorp from a “market perform” rating to an “outperform” rating and set a $156.00 price objective for the company in a research report on Tuesday, January 3rd.

Credicorp Stock Performance

Shares of BAP opened at $126.57 on Tuesday. The firm has a 50-day moving average of $136.07 and a 200-day moving average of $137.07. Credicorp Ltd. has a one year low of $113.21 and a one year high of $182.11. The company has a market cap of $10.07 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.44 and a beta of 0.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.05 and a quick ratio of 1.13.

Credicorp Company Profile

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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.