ClariVest Asset Management LLC Acquires 8,000 Shares of Credicorp Ltd. (BAP)
ClariVest Asset Management LLC raised its position in Credicorp Ltd. (NYSE:BAP) by 10.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,598 shares of the company’s stock after buying an additional 8,000 shares during the period. ClariVest Asset Management LLC owned 0.11% of Credicorp worth $13,210,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Genesis Asset Managers LLP boosted its position in shares of Credicorp by 9.2% in the second quarter. Genesis Asset Managers LLP now owns 2,329,254 shares of the company’s stock worth $359,474,000 after buying an additional 196,400 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Credicorp by 8.2% in the first quarter. JPMorgan Chase & Co. now owns 2,323,633 shares of the company’s stock worth $304,420,000 after buying an additional 176,913 shares during the last quarter. State Street Corp boosted its position in shares of Credicorp by 1.2% in the first quarter. State Street Corp now owns 1,676,350 shares of the company’s stock worth $219,622,000 after buying an additional 20,065 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Credicorp by 11.7% in the first quarter. BlackRock Fund Advisors now owns 1,373,836 shares of the company’s stock worth $179,986,000 after buying an additional 143,697 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Credicorp by 5.0% in the second quarter. Fisher Asset Management LLC now owns 1,288,171 shares of the company’s stock worth $203,003,000 after buying an additional 61,509 shares during the last quarter. 65.63% of the stock is owned by institutional investors and hedge funds.
Credicorp Ltd. (NYSE:BAP) traded down 0.48% during trading on Thursday, hitting $146.30. 234,694 shares of the company were exchanged. The company’s market capitalization is $11.64 billion. Credicorp Ltd. has a 12 month low of $84.72 and a 12 month high of $166.26. The stock’s 50-day moving average is $156.18 and its 200-day moving average is $149.06.
A number of equities analysts have commented on BAP shares. Zacks Investment Research raised shares of Credicorp from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. JPMorgan Chase & Co. lifted 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. Finally, Credit Suisse Group AG lifted their price objective on shares of Credicorp from $154.00 to $196.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $175.75.
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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