Fisher Asset Management LLC lessened its position in Credicorp Ltd. (NYSE:BAP) by 1.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,282,583 shares of the bank’s stock after selling 13,111 shares during the quarter. Fisher Asset Management LLC owned approximately 1.61% of Credicorp worth $291,198,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Eqis Capital Management Inc. lifted its position in shares of Credicorp by 10.0% in the 4th quarter. Eqis Capital Management Inc. now owns 2,442 shares of the bank’s stock valued at $506,000 after acquiring an additional 222 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Credicorp by 3.7% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,196 shares of the bank’s stock worth $1,565,000 after buying an additional 258 shares in the last quarter. Teachers Advisors LLC lifted its position in Credicorp by 1.6% in the 4th quarter. Teachers Advisors LLC now owns 30,590 shares of the bank’s stock worth $6,345,000 after buying an additional 494 shares in the last quarter. Boston Partners lifted its position in Credicorp by 2.9% in the 4th quarter. Boston Partners now owns 18,202 shares of the bank’s stock worth $3,775,000 after buying an additional 516 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware lifted its position in Credicorp by 0.4% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 130,637 shares of the bank’s stock worth $29,660,000 after buying an additional 545 shares in the last quarter. Institutional investors and hedge funds own 66.40% of the company’s stock.
BAP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Credicorp from a “hold” rating to a “buy” rating and set a $244.00 target price for the company in a research report on Friday, March 23rd. ValuEngine upgraded shares of Credicorp from a “hold” rating to a “buy” rating in a research report on Tuesday, March 13th. Finally, Citigroup upgraded shares of Credicorp from a “neutral” rating to a “buy” rating in a research report on Thursday, April 5th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $242.75.
BAP stock opened at $224.19 on Friday. Credicorp Ltd. has a 12-month low of $166.70 and a 12-month high of $239.54. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.25 and a quick ratio of 1.24. The company has a market capitalization of $17.88 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.20 and a beta of 0.86.
The business also recently announced a dividend, which was paid on Friday, May 11th. Shareholders of record on Wednesday, April 18th were given a $14.1726 dividend. The ex-dividend date was Tuesday, April 17th. Credicorp’s payout ratio is 27.89%.
Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.
Receive News & Ratings for Credicorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credicorp and related companies with MarketBeat.com's FREE daily email newsletter.