Deltec Asset Management LLC decreased its position in Credicorp Ltd. (NYSE:BAP) by 23.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,570 shares of the company’s stock after selling 12,260 shares during the period. Credicorp accounts for approximately 1.5% of Deltec Asset Management LLC’s portfolio, making the stock its 22nd largest position. Deltec Asset Management LLC’s holdings in Credicorp were worth $6,107,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. boosted its stake in shares of Credicorp by 17.6% in the second quarter. Daiwa Securities Group Inc. now owns 2,000 shares of the company’s stock worth $308,000 after buying an additional 300 shares during the last quarter. Thomas White International Ltd. boosted its stake in shares of Credicorp by 7.6% in the first quarter. Thomas White International Ltd. now owns 5,128 shares of the company’s stock worth $672,000 after buying an additional 362 shares during the last quarter. Aviva PLC boosted its stake in shares of Credicorp by 6.4% in the first quarter. Aviva PLC now owns 10,029 shares of the company’s stock worth $1,314,000 after buying an additional 600 shares during the last quarter. TT International boosted its stake in shares of Credicorp by 39.9% in the second quarter. TT International now owns 4,418 shares of the company’s stock worth $681,000 after buying an additional 1,259 shares during the last quarter. Finally, Smith Asset Management Group LP purchased a new stake in shares of Credicorp during the second quarter worth approximately $203,000. 65.73% of the stock is owned by institutional investors.
Credicorp Ltd. (NYSE:BAP) traded up 0.98% during midday trading on Tuesday, reaching $153.90. 172,557 shares of the company were exchanged. The company’s market capitalization is $12.25 billion. The company has a 50 day moving average of $158.41 and a 200-day moving average of $147.12. Credicorp Ltd. has a 52-week low of $84.72 and a 52-week high of $166.26.
A number of equities research analysts have recently commented on BAP shares. Zacks Investment Research raised shares of Credicorp from a “hold” rating to a “buy” rating and set a $168.00 price objective on the stock in a research note on Wednesday, July 6th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $154.00 price objective on shares of Credicorp in a research note on Tuesday, August 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Credicorp from $166.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $165.25.
Credicorp Company Profile
Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.
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