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

Credicorp Ltd. (USA) (BAP) : Deltec Asset Management reduced its stake in Credicorp Ltd. (USA) by 23.65% during the most recent quarter end. The investment management company now holds a total of 39,570 shares of Credicorp Ltd. (USA) which is valued at $6,366,813 after selling 12,260 shares in Credicorp Ltd. (USA) , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Credicorp Ltd. (USA) makes up approximately 1.53% of Deltec Asset Management’s portfolio.

Other Hedge Funds, Including , Rs Investment Management Co reduced its stake in BAP by selling 1,441 shares or 5.18% in the most recent quarter. The Hedge Fund company now holds 26,361 shares of BAP which is valued at $4,241,485. Credicorp Ltd. (USA) makes up approx 0.04% of Rs Investment Management Co’s portfolio.Shell Asset Management Co reduced its stake in BAP by selling 11,760 shares or 17.55% in the most recent quarter. The Hedge Fund company now holds 55,233 shares of BAP which is valued at $8,886,990. Credicorp Ltd. (USA) makes up approx 0.21% of Shell Asset Management Co’s portfolio.Kanaly Trust Co boosted its stake in BAP in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 11 shares of Credicorp Ltd. (USA) which is valued at $1,781.Sarasin Partners Llp boosted its stake in BAP in the latest quarter, The investment management firm added 1,481 additional shares and now holds a total of 260,289 shares of Credicorp Ltd. (USA) which is valued at $41,391,157. Credicorp Ltd. (USA) makes up approx 0.66% of Sarasin Partners Llp’s portfolio.

Credicorp Ltd. (USA) opened for trading at $159.36 and hit $162.16 on the upside on Friday, eventually ending the session at $160.33, with a gain of 0.14% or 0.23 points. The heightened volatility saw the trading volume jump to 2,93,627 shares. Company has a market cap of $15,132 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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