Teacher Retirement System of Texas Cuts Stake in Credicorp Ltd. (BAP)
Teacher Retirement System of Texas lowered its position in Credicorp Ltd. (NYSE:BAP) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,850 shares of the bank’s stock after selling 9,748 shares during the period. Teacher Retirement System of Texas’ holdings in Credicorp were worth $20,065,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. Huntington National Bank raised its stake in Credicorp by 3.4% in the first quarter. Huntington National Bank now owns 764 shares of the bank’s stock worth $125,000 after buying an additional 25 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Credicorp by 50.0% in the first quarter. Tower Research Capital LLC TRC now owns 846 shares of the bank’s stock worth $138,000 after buying an additional 282 shares during the last quarter. US Bancorp DE raised its stake in shares of Credicorp by 117.4% in the first quarter. US Bancorp DE now owns 1,248 shares of the bank’s stock worth $204,000 after buying an additional 674 shares during the last quarter. UMB Bank N A MO raised its stake in shares of Credicorp by 4.0% in the first quarter. UMB Bank N A MO now owns 1,418 shares of the bank’s stock worth $232,000 after buying an additional 54 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Credicorp during the second quarter worth $247,000. Institutional investors own 70.34% of the company’s stock.
Shares of Credicorp Ltd. (NYSE:BAP) opened at 194.77 on Friday. The stock has a 50 day moving average of $185.97 and a 200-day moving average of $170.46. Credicorp Ltd. has a one year low of $144.23 and a one year high of $202.66. The firm’s market capitalization is $15.49 billion.
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BAP has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Credicorp from a “hold” rating to a “buy” rating and set a $174.00 price objective on the stock in a report on Tuesday, April 18th. BidaskClub upgraded shares of Credicorp from a “hold” rating to a “buy” rating in a report on Saturday, June 17th.
Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.
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