Credicorp Ltd. (NYSE:BAP) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB raised its position in Credicorp Ltd. (NYSE:BAP) by 18.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,008 shares of the bank’s stock after buying an additional 3,753 shares during the period. Nordea Investment Management AB’s holdings in Credicorp were worth $4,362,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in shares of Credicorp in the third quarter worth approximately $58,000. Headlands Technologies LLC acquired a new stake in Credicorp during the 2nd quarter worth $84,000. Sanctuary Advisors LLC purchased a new stake in shares of Credicorp during the second quarter worth $210,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Credicorp in the third quarter valued at about $216,000. Finally, Atomi Financial Group Inc. purchased a new position in shares of Credicorp in the third quarter worth about $236,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BAP has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. The Goldman Sachs Group increased their price target on Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. Finally, Bank of America lowered Credicorp from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $209.00 to $208.00 in a research note on Monday, December 16th.

Credicorp Price Performance

Shares of BAP stock opened at $179.89 on Friday. The firm’s 50-day moving average is $187.17 and its two-hundred day moving average is $178.60. Credicorp Ltd. has a 12 month low of $145.00 and a 12 month high of $200.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $14.31 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 0.66 and a beta of 1.12.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.