Cidel Asset Management Inc Lowers stake in Credicorp Ltd. (USA) (BAP)

Credicorp Ltd. (USA) (BAP) : Cidel Asset Management Inc reduced its stake in Credicorp Ltd. (USA) by 16.99% during the most recent quarter end. The investment management company now holds a total of 105,059 shares of Credicorp Ltd. (USA) which is valued at $16,718,039 after selling 21,505 shares in Credicorp Ltd. (USA) , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Credicorp Ltd. (USA) makes up approximately 0.94% of Cidel Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities sold out all of its stake in BAP during the most recent quarter. The investment firm sold 5,302 shares of BAP which is valued $843,707.Signaturefd boosted its stake in BAP in the latest quarter, The investment management firm added 174 additional shares and now holds a total of 195 shares of Credicorp Ltd. (USA) which is valued at $31,264.American Century Companies Inc boosted its stake in BAP in the latest quarter, The investment management firm added 32,027 additional shares and now holds a total of 772,600 shares of Credicorp Ltd. (USA) which is valued at $124,311,340. Credicorp Ltd. (USA) makes up approx 0.14% of American Century Companies Inc’s portfolio.Huntington National Bank reduced its stake in BAP by selling 227 shares or 19.03% in the most recent quarter. The Hedge Fund company now holds 966 shares of BAP which is valued at $155,429. Handelsbanken Fonder Ab sold out all of its stake in BAP during the most recent quarter. The investment firm sold 50,000 shares of BAP which is valued $7,951,000.

Credicorp Ltd. (USA) opened for trading at $160.52 and hit $162.87 on the upside on Monday, eventually ending the session at $160.33, with a gain of 0.29% or 0.47 points. The heightened volatility saw the trading volume jump to 2,24,175 shares. Company has a market cap of $15,132 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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