Victory Capital Management Inc. lessened its holdings in Credicorp Ltd. (NYSE:BAP) by 49.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,500 shares of the bank’s stock after selling 36,283 shares during the period. Victory Capital Management Inc.’s holdings in Credicorp were worth $6,727,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Credicorp by 9,913.1% in the 1st quarter. BlackRock Inc. now owns 4,287,311 shares of the bank’s stock valued at $700,118,000 after purchasing an additional 4,244,494 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Credicorp by 6.0% in the 1st quarter. JPMorgan Chase & Co. now owns 2,603,836 shares of the bank’s stock valued at $425,206,000 after purchasing an additional 147,513 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Credicorp by 24.7% in the 1st quarter. Vanguard Group Inc. now owns 2,311,345 shares of the bank’s stock valued at $377,442,000 after purchasing an additional 458,288 shares in the last quarter. Genesis Asset Managers LLP increased its stake in shares of Credicorp by 6.6% in the 2nd quarter. Genesis Asset Managers LLP now owns 2,260,335 shares of the bank’s stock valued at $405,481,000 after purchasing an additional 139,292 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Credicorp by 3.9% in the 1st quarter. State Street Corp now owns 1,764,313 shares of the bank’s stock valued at $288,118,000 after purchasing an additional 65,484 shares in the last quarter. Hedge funds and other institutional investors own 66.45% of the company’s stock.

Shares of Credicorp Ltd. (BAP) opened at 206.76 on Thursday. The firm’s 50-day moving average price is $195.51 and its 200 day moving average price is $174.96. The stock’s market capitalization is $16.43 billion. Credicorp Ltd. has a 1-year low of $144.23 and a 1-year high of $208.05.

Several equities analysts recently weighed in on the company. UBS AG set a $219.00 price target on Credicorp and gave the company a “buy” rating in a research note on Tuesday, August 15th. Zacks Investment Research lowered Credicorp from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, BidaskClub upgraded Credicorp from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th.

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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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