Shell Asset Management Co. lifted its holdings in Credicorp Ltd. (NYSE:BAP) by 164.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,489 shares of the bank’s stock after buying an additional 63,167 shares during the period. Shell Asset Management Co. owned about 0.13% of Credicorp worth $15,567,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BAP. Wellington Management Group LLP boosted its position in shares of Credicorp by 5.2% in the first quarter. Wellington Management Group LLP now owns 225,919 shares of the bank’s stock worth $36,893,000 after buying an additional 11,237 shares during the period. Teachers Advisors LLC boosted its position in shares of Credicorp by 11.4% in the first quarter. Teachers Advisors LLC now owns 28,290 shares of the bank’s stock worth $4,620,000 after buying an additional 2,900 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Credicorp by 1.5% in the first quarter. TIAA CREF Investment Management LLC now owns 99,541 shares of the bank’s stock worth $16,255,000 after buying an additional 1,500 shares during the period. Vanguard Group Inc. boosted its position in shares of Credicorp by 24.7% in the first quarter. Vanguard Group Inc. now owns 2,311,345 shares of the bank’s stock worth $377,442,000 after buying an additional 458,288 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Credicorp by 14.4% in the first quarter. Geode Capital Management LLC now owns 104,552 shares of the bank’s stock worth $17,012,000 after buying an additional 13,150 shares during the period. 66.32% of the stock is owned by institutional investors and hedge funds.

Credicorp Ltd. (NYSE BAP) traded up 1.024% during mid-day trading on Friday, reaching $208.745. The company had a trading volume of 91,505 shares. The firm’s 50-day moving average price is $206.26 and its 200-day moving average price is $184.21. Credicorp Ltd. has a 12 month low of $145.02 and a 12 month high of $213.83. The stock’s market cap is $16.59 billion.

COPYRIGHT VIOLATION WARNING: “Credicorp Ltd. (BAP) Stake Increased by Shell Asset Management Co.” was posted by Daily Political and is the property of of Daily Political. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.dailypolitical.com/2017/10/20/credicorp-ltd-bap-stake-increased-by-shell-asset-management-co.html.

Several analysts have recently commented on BAP shares. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $248.00 target price on shares of Credicorp in a research report on Monday, September 11th. UBS AG set a $219.00 target price on Credicorp and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research cut Credicorp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Citigroup Inc. cut Credicorp from a “buy” rating to a “neutral” rating in a research report on Friday, September 29th. Finally, Bank of America Corporation cut Credicorp from a “buy” rating to a “neutral” rating in a research report on Monday, September 18th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Credicorp currently has an average rating of “Buy” and an average target price of $221.00.

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.

Want to see what other hedge funds are holding BAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credicorp Ltd. (NYSE:BAP).

Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.