Scout Investments Lowers stake in Credicorp Ltd. (USA) (BAP)

Credicorp Ltd. (USA) (BAP) : Scout Investments reduced its stake in Credicorp Ltd. (USA) by 19.42% during the most recent quarter end. The investment management company now holds a total of 369,051 shares of Credicorp Ltd. (USA) which is valued at $51,674,521 after selling 88,959 shares in Credicorp Ltd. (USA) , the firm said in a disclosure report filed with the SEC on May 3, 2016.Credicorp Ltd. (USA) makes up approximately 1.41% of Scout Investments’s portfolio.

Other Hedge Funds, Including , British Airways Pensions Investment Management Ltd boosted its stake in BAP in the latest quarter, The investment management firm added 3,875 additional shares and now holds a total of 18,155 shares of Credicorp Ltd. (USA) which is valued at $2,542,063. Credicorp Ltd. (USA) makes up approx 0.08% of British Airways Pensions Investment Management Ltd’s portfolio.Harding Loevner Lp boosted its stake in BAP in the latest quarter, The investment management firm added 93,400 additional shares and now holds a total of 1,179,395 shares of Credicorp Ltd. (USA) which is valued at $165,138,888. Credicorp Ltd. (USA) makes up approx 1.32% of Harding Loevner Lp’s portfolio.Toron Capital Markets boosted its stake in BAP in the latest quarter, The investment management firm added 42,673 additional shares and now holds a total of 126,564 shares of Credicorp Ltd. (USA) which is valued at $17,721,491. Credicorp Ltd. (USA) makes up approx 1.06% of Toron Capital Markets’s portfolio.Mizuho Trust Banking Ltd. reduced its stake in BAP by selling 2,783 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 117,506 shares of BAP which is valued at $17,087,723. Credicorp Ltd. (USA) makes up approx 0.05% of Mizuho Trust Banking Ltd.’s portfolio. Cornerstone Advisors added BAP to its portfolio by purchasing 13 company shares during the most recent quarter which is valued at $1,852.

Credicorp Ltd. (USA) opened for trading at $138.99 and hit $144.11 on the upside on Tuesday, eventually ending the session at $142.27, with a gain of 3.38% or 4.65 points. The heightened volatility saw the trading volume jump to 6,06,227 shares. Company has a market cap of $13,428 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.

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