Credicorp Ltd. (USA) (BAP) : Coronation Asset Management (pty) Ltd. reduced its stake in Credicorp Ltd. (USA) by 13.17% during the most recent quarter end. The investment management company now holds a total of 730,747 shares of Credicorp Ltd. (USA) which is valued at $105,629,479 after selling 110,814 shares in Credicorp Ltd. (USA) , the firm said in a disclosure report filed with the SEC on May 9, 2016.Credicorp Ltd. (USA) makes up approximately 4.59% of Coronation Asset Management (pty) Ltd.’s portfolio.
Other Hedge Funds, Including , Ci Investments boosted its stake in BAP in the latest quarter, The investment management firm added 6,900 additional shares and now holds a total of 266,020 shares of Credicorp Ltd. (USA) which is valued at $37,248,120. Credicorp Ltd. (USA) makes up approx 0.47% of Ci Investments’s portfolio.Geneva Advisors boosted its stake in BAP in the latest quarter, The investment management firm added 586 additional shares and now holds a total of 6,864 shares of Credicorp Ltd. (USA) which is valued at $961,097. Credicorp Ltd. (USA) makes up approx 0.02% of Geneva Advisors’s portfolio.Flossbach Von Storch Ag reduced its stake in BAP by selling 1,250 shares or 13.89% in the most recent quarter. The Hedge Fund company now holds 7,750 shares of BAP which is valued at $1,085,155. Credicorp Ltd. (USA) makes up approx 0.02% of Flossbach Von Storch Ag’s portfolio.
Credicorp Ltd. (USA) opened for trading at $143.85 and hit $153.23 on the upside on Friday, eventually ending the session at $144.55, with a gain of 0.71% or 1.02 points. The heightened volatility saw the trading volume jump to 7,06,072 shares. Company has a market cap of $13,643 M.
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.