Investec Asset Management North America Inc. Has $9.03 Million Stake in Credicorp Ltd. (BAP)

Investec Asset Management North America Inc. reduced its position in Credicorp Ltd. (NYSE:BAP) by 17.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,310 shares of the bank’s stock after selling 10,853 shares during the quarter. Investec Asset Management North America Inc. owned approximately 0.06% of Credicorp worth $9,025,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Credicorp by 24.7% in the 1st quarter. Vanguard Group Inc. now owns 2,311,345 shares of the bank’s stock valued at $377,442,000 after purchasing an additional 458,288 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Credicorp by 8.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,816,921 shares of the bank’s stock valued at $505,327,000 after purchasing an additional 213,085 shares during the last quarter. Deltec Asset Management LLC boosted its stake in shares of Credicorp by 5.3% in the 2nd quarter. Deltec Asset Management LLC now owns 39,910 shares of the bank’s stock valued at $7,159,000 after purchasing an additional 2,000 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Credicorp by 40.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 62,549 shares of the bank’s stock valued at $10,215,000 after purchasing an additional 18,150 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Credicorp by 14.4% in the 1st quarter. Geode Capital Management LLC now owns 104,552 shares of the bank’s stock valued at $17,012,000 after purchasing an additional 13,150 shares during the last quarter. 66.45% of the stock is currently owned by institutional investors.

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Credicorp Ltd. (NYSE:BAP) traded up 0.83% on Friday, hitting $212.85. 366,597 shares of the company were exchanged. The stock has a 50 day moving average of $200.00 and a 200 day moving average of $176.83. The company’s market capitalization is $16.92 billion. Credicorp Ltd. has a 52 week low of $144.23 and a 52 week high of $212.97.

BAP has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Credicorp from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a research note on Thursday, June 1st. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $248.00 price objective on shares of Credicorp in a research note on Monday, September 11th. Finally, BidaskClub raised shares of Credicorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Credicorp presently has an average rating of “Buy” and an average price target of $217.00.

Credicorp Profile

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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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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