Credicorp Ltd. (NYSE:BAP) Holdings Lifted by State Street Corp

State Street Corp grew its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,123,023 shares of the bank’s stock after buying an additional 21,943 shares during the period. State Street Corp’s holdings in Credicorp were worth $207,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BAP. Quantinno Capital Management LP raised its stake in shares of Credicorp by 7.0% during the third quarter. Quantinno Capital Management LP now owns 2,314 shares of the bank’s stock valued at $419,000 after purchasing an additional 152 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Credicorp by 3.6% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 499,409 shares of the bank’s stock valued at $90,378,000 after purchasing an additional 17,516 shares during the period. Bamco Inc. NY raised its stake in shares of Credicorp by 2.6% in the 3rd quarter. Bamco Inc. NY now owns 392,956 shares of the bank’s stock worth $71,113,000 after buying an additional 10,045 shares in the last quarter. ARGA Investment Management LP lifted its holdings in shares of Credicorp by 0.8% in the third quarter. ARGA Investment Management LP now owns 787,723 shares of the bank’s stock valued at $142,554,000 after buying an additional 6,578 shares during the period. Finally, Wasatch Advisors LP boosted its stake in Credicorp by 0.7% during the third quarter. Wasatch Advisors LP now owns 8,886 shares of the bank’s stock valued at $1,608,000 after buying an additional 65 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BAP has been the topic of several research reports. The Goldman Sachs Group boosted their price target on shares of Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th.

Credicorp Trading Down 1.2 %

Shares of NYSE BAP opened at $192.80 on Friday. The business has a fifty day simple moving average of $188.16 and a 200-day simple moving average of $175.23. Credicorp Ltd. has a 12 month low of $124.51 and a 12 month high of $200.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. The company has a market cap of $15.33 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 0.65 and a beta of 1.13.

Credicorp Cuts Dividend

The business also recently declared an annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 23rd were paid a $2.9084 dividend. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, September 23rd. Credicorp’s dividend payout ratio (DPR) is presently 53.24%.

About Credicorp

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.