Artemis Investment Management LLP Buys Shares of 51,000 Credicorp Ltd. (NYSE:BAP)

Artemis Investment Management LLP purchased a new position in Credicorp Ltd. (NYSE:BAP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 51,000 shares of the bank’s stock, valued at approximately $9,349,000. Artemis Investment Management LLP owned about 0.06% of Credicorp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ritholtz Wealth Management raised its position in Credicorp by 95.4% in the 3rd quarter. Ritholtz Wealth Management now owns 6,977 shares of the bank’s stock worth $1,263,000 after buying an additional 3,406 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Credicorp by 18.5% in the fourth quarter. Nordea Investment Management AB now owns 24,008 shares of the bank’s stock worth $4,362,000 after acquiring an additional 3,753 shares during the period. CWA Asset Management Group LLC purchased a new position in shares of Credicorp during the third quarter valued at approximately $1,737,000. MBB Public Markets I LLC bought a new position in Credicorp during the second quarter valued at approximately $770,000. Finally, FMR LLC boosted its holdings in Credicorp by 6.1% in the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after purchasing an additional 199,137 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Credicorp Trading Down 2.7 %

Shares of BAP stock opened at $181.80 on Monday. Credicorp Ltd. has a 1 year low of $146.05 and a 1 year high of $200.00. The firm has a fifty day moving average price of $187.42 and a 200-day moving average price of $179.70. The company has a market cap of $14.46 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.48 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07.

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.