Acadian Asset Management buys $391,275,908 stake in Credicorp Ltd. (USA) (BAP)

Credicorp Ltd. (USA) (BAP) : Acadian Asset Management scooped up 36,619 additional shares in Credicorp Ltd. (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 2,817,164 shares of Credicorp Ltd. (USA) which is valued at $391,275,908.Credicorp Ltd. (USA) makes up approximately 1.96% of Acadian Asset Management’s portfolio.

Credicorp Ltd. (USA) opened for trading at $138 and hit $140.46 on the upside on Monday, eventually ending the session at $139.67, with a gain of 0.56% or 0.78 points. The heightened volatility saw the trading volume jump to 4,72,191 shares. Company has a market cap of $11,140 M.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in BAP during the most recent quarter. The investment firm sold 1,490 shares of BAP which is valued $206,946.Kanaly Trust Co reduced its stake in BAP by selling 11 shares or 55.0% in the most recent quarter. The Hedge Fund company now holds 9 shares of BAP which is valued at $1,250.Capstone Asset Management Co reduced its stake in BAP by selling 387 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 11,828 shares of BAP which is valued at $1,642,791. Credicorp Ltd. (USA) makes up approx 0.05% of Capstone Asset Management Co’s portfolio. Dnb Asset Management As sold out all of its stake in BAP during the most recent quarter. The investment firm sold 25,355 shares of BAP which is valued $3,521,556.

Many Wall Street Analysts have commented on Credicorp Ltd. (USA). Company shares were Reiterated by Barclays on Mar 15, 2016 to “Overweight”, Firm has raised the Price Target to $ 149 from a previous price target of $146 .

Credicorp Ltd. is a financial services holding company in Peru. The Company is has four operating segments based on its products and services. Its operational segments include banking insurance pension funds and investment banking. The Company’s five principal operating subsidiaries include Banco de Credito del Peru (BCP); Atlantic Security Bank (ASB) which it holds through Atlantic Security Holding Corporation (ASHC); El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP and Credicorp Capital. Its banking business is principally focused on commercial and consumer loans credit facilities deposits current accounts and credit cards. It conducts its insurance business through Grupo Pacifico which is a Peruvian insurance company. Its investment banking business units are grouped under Credicorp Capital which carries out its operations in the region through Credicorp Capital Peru Credicorp Capital Colombia (formerly Correval) and IM Trust.

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