Today The Russell Investments Group Ltd. Takes Position in Credicorp Ltd. (BAP)

Today The Russell Investments Group Ltd. Takes Position in Credicorp Ltd. (BAP)

Russell Investments Group Ltd. bought a new position in Credicorp Ltd. (NYSE:BAP) during the fourth quarter, Holdings Channel reports. The fund bought 514,649 shares of the company’s stock, valued at approximately $81,179,000.

Other hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. boosted its stake in shares of Credicorp by 17.6% in the second quarter. Daiwa Securities Group Inc. now owns 2,000 shares of the company’s stock worth $308,000 after buying an additional 300 shares during the last quarter. Smith Asset Management Group LP purchased a new stake in shares of Credicorp during the second quarter valued at approximately $203,000. Candriam Luxembourg S.C.A. increased its stake in shares of Credicorp by 10.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 5,500 shares of the company’s stock valued at $849,000 after buying an additional 500 shares during the period. American Century Companies Inc. increased its stake in shares of Credicorp by 4.3% in the second quarter. American Century Companies Inc. now owns 772,600 shares of the company’s stock valued at $119,235,000 after buying an additional 32,027 shares during the period. Finally, ClariVest Asset Management LLC increased its stake in shares of Credicorp by 10.3% in the second quarter. ClariVest Asset Management LLC now owns 85,598 shares of the company’s stock valued at $13,210,000 after buying an additional 8,000 shares during the period. Hedge funds and other institutional investors own 65.03% of the company’s stock.

Credicorp Ltd. (NYSE:BAP) traded up 1.16% during midday trading on Wednesday, reaching $167.68. 77,473 shares of the company’s stock were exchanged. The stock’s market cap is $13.35 billion. The firm’s 50-day moving average is $159.77 and its 200 day moving average is $156.32. Credicorp Ltd. has a 1-year low of $91.08 and a 1-year high of $168.86.

Separately, Zacks Investment Research downgraded shares of Credicorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $177.75.

About Credicorp

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).

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