Credicorp LTD (BAP) Share Price Rose While Pacific Alternative Asset Management Company LLC Cut Position

February 15, 2018 - By Adrian Erickson

Pacific Alternative Asset Management Company Llc decreased its stake in Credicorp Ltd (BAP) by 32.38% based on its latest 2017Q3 regulatory filing with the SEC. Pacific Alternative Asset Management Company Llc sold 21,856 shares as the company’s stock rose 3.78% with the market. The hedge fund held 45,644 shares of the commercial banks company at the end of 2017Q3, valued at $9.36 million, down from 67,500 at the end of the previous reported quarter. Pacific Alternative Asset Management Company Llc who had been investing in Credicorp Ltd for a number of months, seems to be less bullish one the $17.65B market cap company. The stock increased 0.87% or $1.9142 during the last trading session, reaching $222.1442. About 92,454 shares traded. Credicorp Ltd. (NYSE:BAP) has risen 23.51% since February 15, 2017 and is uptrending. It has outperformed by 6.81% the S&P500.

Pacific Alternative Asset Management Company Llc, which manages about $15.88 billion and $913.16 million US Long portfolio, upped its stake in Ishares Tr (Put) (IWM) by 53,700 shares to 162,600 shares, valued at $24.09 million in 2017Q3, according to the filing. It also increased its holding in Eaton Corp Plc (NYSE:ETN) by 46,766 shares in the quarter, for a total of 55,855 shares, and has risen its stake in Time Warner Inc (NYSE:TWX).

More important recent Credicorp Ltd. (NYSE:BAP) news were published by: Seekingalpha.com which released: “The Invesco Developing Markets Fund Is A Top-Flight Fund” on June 17, 2016, also Benzinga.com published article titled: “Earnings Scheduled For February 5, 2018”, Benzinga.com published: “Earnings Scheduled For August 7, 2017” on August 07, 2017. More interesting news about Credicorp Ltd. (NYSE:BAP) was released by: Investorplace.com and their article: “7 Bank Stocks That Will Crush the Market in 2017” with publication date: December 09, 2016.

Credicorp Ltd. (NYSE:BAP) Ratings Coverage

Among 9 analysts covering Credicorp LTD (NYSE:BAP), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Credicorp LTD had 12 analyst reports since September 11, 2015 according to SRatingsIntel. The stock of Credicorp Ltd. (NYSE:BAP) earned “Overweight” rating by Morgan Stanley on Friday, September 11. The stock has “Overweight” rating by Barclays Capital on Tuesday, March 15. The stock of Credicorp Ltd. (NYSE:BAP) earned “Overweight” rating by JP Morgan on Thursday, August 11. The company was downgraded on Thursday, March 24 by Santander. The firm has “Neutral” rating given on Friday, September 29 by Citigroup. Credit Suisse maintained Credicorp Ltd. (NYSE:BAP) on Wednesday, September 21 with “Outperform” rating. The company was downgraded on Monday, November 13 by HSBC. UBS maintained the stock with “Buy” rating in Tuesday, August 15 report. The stock of Credicorp Ltd. (NYSE:BAP) has “Outperform” rating given on Tuesday, March 15 by Scotia Capital.

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