As Credicorp LTD (BAP) Valuation Rose, Edinburgh Partners LTD Has Cut Its Holding by $2.30 Million; Amgen (AMGN) Stake Lifted by Vantage Investment Advisors Llc

February 18, 2018 - By Nellie Frank

Sandy Nairn decreased its stake in Credicorp Ltd (BAP) by 5.46% based on its latest 2017Q3 regulatory filing with the SEC. Edinburgh Partners Ltd sold 11,200 shares as the company’s stock rose 3.78% with the market. The hedge fund run by Sandy Nairn held 193,800 shares of the commercial banks company at the end of 2017Q3, valued at $39.73M, down from 205,000 at the end of the previous reported quarter. Edinburgh Partners Ltd who had been investing in Credicorp Ltd for a number of months, seems to be less bullish one the $17.41 billion market cap company. The stock decreased 1.92% or $4.28 during the last trading session, reaching $218.22. About 183,638 shares traded. Credicorp Ltd. (NYSE:BAP) has risen 23.51% since February 18, 2017 and is uptrending. It has outperformed by 6.81% the S&P500.

Vantage Investment Advisors Llc increased its stake in Amgen (AMGN) by 6.6% based on its latest 2017Q3 regulatory filing with the SEC. Vantage Investment Advisors Llc bought 1,907 shares as the company’s stock declined 9.68% while stock markets rallied. The institutional investor held 30,806 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $5.74M, up from 28,899 at the end of the previous reported quarter. Vantage Investment Advisors Llc who had been investing in Amgen for a number of months, seems to be bullish on the $132.26 billion market cap company. The stock decreased 0.03% or $0.05 during the last trading session, reaching $183.55. About 4.37 million shares traded or 28.95% up from the average. Amgen Inc. (NASDAQ:AMGN) has risen 5.27% since February 18, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.




Since October 9, 2017, it had 0 insider buys, and 3 sales for $836,311 activity.

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.16, from 1.15 in 2017Q2. It dropped, as 58 investors sold AMGN shares while 511 reduced holdings. 108 funds opened positions while 453 raised stakes. 555.05 million shares or 0.41% less from 557.32 million shares in 2017Q2 were reported. Compton Capital Mgmt Inc Ri has 8,738 shares for 0.73% of their portfolio. Commercial Bank Of Hawaii reported 15,568 shares stake. Psagot Invest House Ltd invested in 0.35% or 44,190 shares. Hm Payson Co holds 184,006 shares. 9,501 were accumulated by Shoker Counsel Incorporated. Provident stated it has 7,650 shares or 0.24% of all its holdings. Ontario Teachers Pension Plan Board, a Ontario – Canada-based fund reported 71,846 shares. Profit Mgmt Limited Com stated it has 6,609 shares. Meiji Yasuda Asset Ltd reported 0.34% in Amgen Inc. (NASDAQ:AMGN). Wealth Architects Limited Liability has 2,081 shares. Pub Employees Retirement System Of Ohio reported 516,476 shares. Aimz Advsrs Limited Liability Company holds 2.62% or 18,122 shares in its portfolio. Andra Ap invested 0.17% of its portfolio in Amgen Inc. (NASDAQ:AMGN). Moreover, Vident Inv Advisory Ltd Limited Liability Company has 0.08% invested in Amgen Inc. (NASDAQ:AMGN). Optimum Advsr has 7,914 shares for 0.49% of their portfolio.

Among 25 analysts covering Amgen Inc. (NASDAQ:AMGN), 11 have Buy rating, 0 Sell and 14 Hold. Therefore 44% are positive. Amgen Inc. had 86 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, December 13 by Oppenheimer. Argus Research maintained it with “Buy” rating and $195 target in Thursday, July 27 report. Jefferies downgraded the stock to “Hold” rating in Wednesday, April 5 report. Piper Jaffray maintained it with “Buy” rating and $193.0 target in Thursday, October 12 report. The firm has “Hold” rating by Jefferies given on Monday, June 12. The stock of Amgen Inc. (NASDAQ:AMGN) earned “Overweight” rating by Morgan Stanley on Friday, February 2. On Friday, September 29 the stock rating was maintained by Credit Suisse with “Outperform”. The firm has “Buy” rating given on Wednesday, February 1 by Bank of America. Argus Research upgraded the stock to “Buy” rating in Tuesday, January 23 report. The company was maintained on Wednesday, July 26 by UBS.

Vantage Investment Advisors Llc, which manages about $916.05M and $388.84 million US Long portfolio, decreased its stake in Ishares S&P Smallcap 600 Growt (IJT) by 29,469 shares to 2,902 shares, valued at $477,000 in 2017Q3, according to the filing. It also reduced its holding in Discover Financial Services (NYSE:DFS) by 52,867 shares in the quarter, leaving it with 1,191 shares, and cut its stake in General Electric (NYSE:GE).

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 “Outperform” rating by Scotia Capital on Tuesday, March 15. Barclays Capital maintained Credicorp Ltd. (NYSE:BAP) on Tuesday, March 15 with “Overweight” rating. As per Thursday, March 24, the company rating was downgraded by Santander. The rating was downgraded by HSBC on Monday, November 13 to “Hold”. As per Friday, September 11, the company rating was upgraded by Morgan Stanley. The firm has “Overweight” rating given on Thursday, August 11 by JP Morgan. The rating was downgraded by Citigroup to “Neutral” on Friday, September 29. Credit Suisse maintained the stock with “Outperform” rating in Wednesday, September 21 report. UBS maintained the shares of BAP in report on Tuesday, August 15 with “Buy” rating.

Edinburgh Partners Ltd, which manages about $415.41 million US Long portfolio, upped its stake in Ternium Sa (NYSE:TX) by 25,600 shares to 36,000 shares, valued at $1.11 million in 2017Q3, according to the filing. It also increased its holding in Icici Bank Ltd (NYSE:IBN) by 91,300 shares in the quarter, for a total of 123,420 shares, and has risen its stake in Atento Sa.

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