Credicorp Ltd. (BAP) Shares Sold by Sarasin & Partners LLP
Sarasin & Partners LLP reduced its stake in Credicorp Ltd. (NYSE:BAP) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 345,724 shares of the bank’s stock after selling 5,056 shares during the period. Sarasin & Partners LLP owned 0.44% of Credicorp worth $62,019,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its stake in shares of Credicorp by 0.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,609 shares of the bank’s stock valued at $263,000 after buying an additional 13 shares during the last quarter. Huntington National Bank increased its stake in shares of Credicorp by 3.4% in the first quarter. Huntington National Bank now owns 764 shares of the bank’s stock valued at $125,000 after buying an additional 25 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in Credicorp by 2.7% in the second quarter. Wetherby Asset Management Inc. now owns 2,012 shares of the bank’s stock worth $361,000 after buying an additional 53 shares in the last quarter. UMB Bank N A MO increased its stake in Credicorp by 4.0% in the first quarter. UMB Bank N A MO now owns 1,418 shares of the bank’s stock worth $232,000 after buying an additional 54 shares in the last quarter. Finally, Hanseatic Management Services Inc. increased its stake in Credicorp by 3.0% in the first quarter. Hanseatic Management Services Inc. now owns 2,923 shares of the bank’s stock worth $477,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 69.31% of the company’s stock.
Shares of Credicorp Ltd. (BAP) opened at 195.24 on Monday. Credicorp Ltd. has a 1-year low of $144.23 and a 1-year high of $202.66. The firm’s market cap is $15.52 billion. The firm’s 50-day moving average is $185.97 and its 200-day moving average is $170.46.
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A number of equities research analysts have weighed in on the stock. UBS AG downgraded shares of Credicorp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. Credit Suisse Group set a $196.00 price target on shares of Credicorp and gave the stock a “buy” rating in a research note on Saturday, May 6th. BidaskClub upgraded shares of Credicorp from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Zacks Investment Research downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research note on Friday.
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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