Black River Asset Management Lowers stake in Credicorp Ltd. (USA) (BAP)

Credicorp Ltd. (USA) (BAP) : Black River Asset Management reduced its stake in Credicorp Ltd. (USA) by 40.53% during the most recent quarter end. The investment management company now holds a total of 24,500 shares of Credicorp Ltd. (USA) which is valued at $3,893,050 after selling 16,700 shares in Credicorp Ltd. (USA) , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Credicorp Ltd. (USA) makes up approximately 100.00% of Black River Asset Management’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md boosted its stake in BAP in the latest quarter, The investment management firm added 54,240 additional shares and now holds a total of 449,699 shares of Credicorp Ltd. (USA) which is valued at $71,457,171. Credicorp Ltd. (USA) makes up approx 0.01% of Price T Rowe Associates Inc Md’s portfolio.Fil Ltd boosted its stake in BAP in the latest quarter, The investment management firm added 237,410 additional shares and now holds a total of 813,117 shares of Credicorp Ltd. (USA) which is valued at $129,204,291. Credicorp Ltd. (USA) makes up approx 0.39% of Fil Ltd’s portfolio.Dekabank Deutsche Girozentrale reduced its stake in BAP by selling 2,300 shares or 80.0% in the most recent quarter. The Hedge Fund company now holds 575 shares of BAP which is valued at $91,920.Daiwa Securities Group boosted its stake in BAP in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 2,000 shares of Credicorp Ltd. (USA) which is valued at $321,800.

Credicorp Ltd. (USA) opened for trading at $156.71 and hit $161.99 on the upside on Thursday, eventually ending the session at $160.76, with a gain of 2.60% or 4.08 points. The heightened volatility saw the trading volume jump to 3,37,555 shares. Company has a market cap of $15,173 M.

Credicorp Ltd. is a financial services holding company in Peru. The Company is has four operating segments based on its products and services. Its operational segments include banking insurance pension funds and investment banking. The Company’s five principal operating subsidiaries include Banco de Credito del Peru (BCP); Atlantic Security Bank (ASB) which it holds through Atlantic Security Holding Corporation (ASHC); El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP and Credicorp Capital. Its banking business is principally focused on commercial and consumer loans credit facilities deposits current accounts and credit cards. It conducts its insurance business through Grupo Pacifico which is a Peruvian insurance company. Its investment banking business units are grouped under Credicorp Capital which carries out its operations in the region through Credicorp Capital Peru Credicorp Capital Colombia (formerly Correval) and IM Trust.

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