Scout Investments Inc. Has $30.34 Million Stake in Credicorp Ltd. (BAP)
Scout Investments Inc. lowered its stake in Credicorp Ltd. (NYSE:BAP) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,110 shares of the bank’s stock after selling 12,409 shares during the period. Credicorp makes up about 0.9% of Scout Investments Inc.’s investment portfolio, making the stock its 14th largest position. Scout Investments Inc. owned approximately 0.21% of Credicorp worth $30,337,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the company. Huntington National Bank increased its position in 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. Tower Research Capital LLC TRC increased its position in Credicorp by 50.0% in the first quarter. Tower Research Capital LLC TRC now owns 846 shares of the bank’s stock valued at $138,000 after buying an additional 282 shares during the last quarter. US Bancorp DE increased its position in Credicorp by 117.4% in the first quarter. US Bancorp DE now owns 1,248 shares of the bank’s stock valued at $204,000 after buying an additional 674 shares during the last quarter. Blair William & Co. IL acquired a new position in Credicorp during the second quarter valued at approximately $239,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Credicorp during the second quarter valued at approximately $247,000. 66.45% of the stock is currently owned by hedge funds and other institutional investors.
Credicorp Ltd. (BAP) traded down 0.41% during midday trading on Wednesday, reaching $201.56. 27,390 shares of the company’s stock were exchanged. The company’s market cap is $16.02 billion. The firm has a 50-day moving average price of $191.65 and a 200 day moving average price of $173.12. Credicorp Ltd. has a 52 week low of $144.23 and a 52 week high of $206.25.
Several research firms have commented on BAP. Zacks Investment Research raised shares of Credicorp from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Thursday, June 22nd. UBS AG set a $219.00 price target on shares of Credicorp and gave the company a “buy” rating in a report on Tuesday, August 15th.
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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