Acadian Asset Management Lowers stake in Credicorp Ltd. (USA) (BAP)

Credicorp Ltd. (USA) (BAP) : Acadian Asset Management reduced its stake in Credicorp Ltd. (USA) by 15.6% during the most recent quarter end. The investment management company now holds a total of 2,377,739 shares of Credicorp Ltd. (USA) which is valued at $379,273,148 after selling 439,425 shares in Credicorp Ltd. (USA) , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Credicorp Ltd. (USA) makes up approximately 1.88% of Acadian Asset Management’s portfolio.

Other Hedge Funds, Including , Nordea Investment Management Ab boosted its stake in BAP in the latest quarter, The investment management firm added 18,669 additional shares and now holds a total of 1,156,241 shares of Credicorp Ltd. (USA) which is valued at $184,432,002. Credicorp Ltd. (USA) makes up approx 0.52% of Nordea Investment Management Ab’s portfolio. Fox Run Management L.l.c. added BAP to its portfolio by purchasing 1,800 company shares during the most recent quarter which is valued at $287,118. Credicorp Ltd. (USA) makes up approx 0.13% of Fox Run Management L.l.c.’s portfolio.Harding Loevner Lp reduced its stake in BAP by selling 281,955 shares or 23.91% in the most recent quarter. The Hedge Fund company now holds 897,440 shares of BAP which is valued at $142,710,909. Credicorp Ltd. (USA) makes up approx 1.07% of Harding Loevner Lp’s portfolio. James Investment Research Inc added BAP to its portfolio by purchasing 600 company shares during the most recent quarter which is valued at $95,412.

Credicorp Ltd. (USA) opened for trading at $158.19 and hit $160.09 on the upside on Wednesday, eventually ending the session at $159.51, with a gain of 0.58% or 0.92 points. The heightened volatility saw the trading volume jump to 2,11,033 shares. Company has a market cap of $15,055 M.

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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