Deltec Asset Management LLC reduced its stake in Credicorp Ltd. (NYSE:BAP) by 23.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,570 shares of the company’s stock after selling 12,260 shares during the period. Credicorp comprises 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 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Genesis Asset Managers LLP increased its position in Credicorp by 9.2% in the second quarter. Genesis Asset Managers LLP now owns 2,329,254 shares of the company’s stock valued at $359,474,000 after buying an additional 196,400 shares during the period. JPMorgan Chase & Co. increased its position in Credicorp by 8.2% in the first quarter. JPMorgan Chase & Co. now owns 2,323,633 shares of the company’s stock valued at $304,420,000 after buying an additional 176,913 shares during the period. State Street Corp increased its position in Credicorp by 1.2% in the first quarter. State Street Corp now owns 1,676,350 shares of the company’s stock valued at $219,622,000 after buying an additional 20,065 shares during the period. BlackRock Fund Advisors increased its position in Credicorp by 11.7% in the first quarter. BlackRock Fund Advisors now owns 1,373,836 shares of the company’s stock valued at $179,986,000 after buying an additional 143,697 shares during the period. Finally, Fisher Asset Management LLC increased its position in Credicorp by 5.0% in the second quarter. Fisher Asset Management LLC now owns 1,288,171 shares of the company’s stock valued at $203,003,000 after buying an additional 61,509 shares during the period. 65.73% of the stock is currently owned by hedge funds and other 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 firm’s 50 day moving average price is $158.41 and its 200-day moving average price is $147.12. The stock’s market capitalization is $12.25 billion. Credicorp Ltd. has a 52 week low of $84.72 and a 52 week high of $166.26.

Several equities analysts have recently commented on BAP shares. Zacks Investment Research downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. JPMorgan Chase & Co. boosted their target price on shares of Credicorp from $166.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $154.00 target price on shares of Credicorp in a report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price 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.

5 Day Chart for NYSE:BAP

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