Credicorp Ltd. (NYSE:BAP) Shares Sold by Sei Investments Co.
Sei Investments Co. reduced its stake in Credicorp Ltd. (NYSE:BAP) by 13.5% during the second quarter, Holdings Channel reports. The firm owned 55,266 shares of the bank’s stock after selling 8,636 shares during the period. Sei Investments Co.’s holdings in Credicorp were worth $9,914,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. World Asset Management Inc raised its position in Credicorp by 12.2% in the second quarter. World Asset Management Inc now owns 5,556 shares of the bank’s stock valued at $997,000 after buying an additional 604 shares during the period. Flossbach Von Storch AG raised its position in Credicorp by 16.7% in the second quarter. Flossbach Von Storch AG now owns 7,000 shares of the bank’s stock valued at $1,256,000 after buying an additional 1,000 shares during the period. Sumitomo Mitsui Asset Management Company LTD acquired a new position in Credicorp during the second quarter valued at $2,764,000. Shell Asset Management Co. raised its position in Credicorp by 5.4% in the second quarter. Shell Asset Management Co. now owns 38,322 shares of the bank’s stock valued at $6,875,000 after buying an additional 1,980 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Credicorp during the second quarter valued at $247,000. 70.34% of the stock is owned by hedge funds and other institutional investors.
Shares of Credicorp Ltd. (NYSE:BAP) opened at 193.56 on Friday. The firm’s market capitalization is $15.38 billion. Credicorp Ltd. has a 52 week low of $144.23 and a 52 week high of $202.66. The stock has a 50 day moving average price of $185.57 and a 200 day moving average price of $170.24.
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Several research firms have recently weighed in on BAP. UBS AG lowered Credicorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. Zacks Investment Research raised Credicorp from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Thursday, June 22nd. BidaskClub raised Credicorp from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, Credit Suisse Group set a $196.00 price objective on Credicorp and gave the stock a “buy” rating in a research report on Saturday, May 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Credicorp has a consensus rating of “Buy” and an average target price of $197.00.
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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