Lazard Asset Management LLC Grows Holdings in Credicorp Ltd. (BAP)

Lazard Asset Management LLC boosted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 654,908 shares of the bank’s stock after buying an additional 13,744 shares during the quarter. Lazard Asset Management LLC owned 0.82% of Credicorp worth $117,483,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BAP. Wells Fargo & Company MN lifted its holdings in Credicorp by 15.4% during the 1st quarter. Wells Fargo & Company MN now owns 70,224 shares of the bank’s stock worth $11,467,000 after buying an additional 9,383 shares in the last quarter. US Bancorp DE lifted its holdings in Credicorp by 117.4% during the 1st quarter. US Bancorp DE now owns 1,248 shares of the bank’s stock worth $204,000 after buying an additional 674 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Credicorp by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 205,741 shares of the bank’s stock worth $33,597,000 after buying an additional 4,803 shares in the last quarter. World Asset Management Inc lifted its holdings in Credicorp by 2.1% during the 1st quarter. World Asset Management Inc now owns 4,952 shares of the bank’s stock worth $809,000 after buying an additional 101 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Credicorp by 20.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 301,186 shares of the bank’s stock worth $49,184,000 after buying an additional 51,483 shares in the last quarter. Institutional investors own 66.43% of the company’s stock.

Shares of Credicorp Ltd. (BAP) traded down 2.67% during midday trading on Tuesday, hitting $206.00. 150,512 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $200.65 and its 200-day moving average is $177.32. The stock’s market cap is $16.37 billion. Credicorp Ltd. has a 1-year low of $144.23 and a 1-year high of $213.83.

A number of equities research analysts have issued reports on the stock. Bank of America Corporation lowered shares of Credicorp from a “buy” rating to a “neutral” rating in a report on Monday. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $248.00 target price on shares of Credicorp in a report on Monday, September 11th. UBS AG set a $219.00 target price on shares of Credicorp and gave the stock a “buy” rating in a report on Tuesday, August 15th. Zacks Investment Research lowered shares of Credicorp from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, BidaskClub upgraded shares of Credicorp from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Credicorp currently has a consensus rating of “Buy” and an average price target of $217.00.

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Credicorp 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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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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