Credicorp Ltd. (BAP) Shares Sold by Asset Management One Co. Ltd.
Asset Management One Co. Ltd. lowered its stake in shares of Credicorp Ltd. (NYSE:BAP) by 14.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 92,212 shares of the bank’s stock after selling 15,695 shares during the period. Asset Management One Co. Ltd. owned 0.12% of Credicorp worth $15,058,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. Legato Capital Management LLC boosted its stake in Credicorp by 16,230.0% in the first quarter. Legato Capital Management LLC now owns 2,857,750 shares of the bank’s stock valued at $17,500,000 after buying an additional 2,840,250 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Credicorp by 6.0% in the first quarter. JPMorgan Chase & Co. now owns 2,603,836 shares of the bank’s stock valued at $425,206,000 after buying an additional 147,513 shares in the last quarter. State Street Corp boosted its stake in shares of Credicorp by 2.1% in the fourth quarter. State Street Corp now owns 1,698,829 shares of the bank’s stock valued at $268,179,000 after buying an additional 34,265 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Credicorp by 8.5% in the first quarter. William Blair Investment Management LLC now owns 1,369,894 shares of the bank’s stock valued at $223,704,000 after buying an additional 107,160 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Credicorp by 0.8% in the first quarter. Fisher Asset Management LLC now owns 1,291,779 shares of the bank’s stock valued at $210,948,000 after buying an additional 10,287 shares in the last quarter. Hedge funds and other institutional investors own 69.23% of the company’s stock.
Shares of Credicorp Ltd. (NYSE BAP) opened at 178.57 on Friday. The stock’s market capitalization is $14.19 billion. Credicorp Ltd. has a 1-year low of $140.97 and a 1-year high of $180.92. The company has a 50-day moving average of $168.12 and a 200-day moving average of $163.16.
TRADEMARK VIOLATION WARNING: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/06/17/credicorp-ltd-bap-stake-cut-by-asset-management-one-co-ltd-updated-updated.html.
A number of research analysts have weighed in on the stock. Credit Suisse Group set a $196.00 price objective on shares of Credicorp and gave the company a “buy” rating in a research report on Saturday, May 6th. Zacks Investment Research raised shares of Credicorp from a “hold” rating to a “buy” rating and set a $194.00 target price for the company in a research note on Wednesday, May 24th.
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.
Receive News & Stock Ratings for Credicorp Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credicorp Ltd. and related stocks with our FREE daily email newsletter.