Inceptionr LLC Invests $207,000 in Credicorp Ltd. (NYSE:BAP)

Inceptionr LLC acquired a new position in shares of Credicorp Ltd. (NYSE:BAP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,383 shares of the bank’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BAP. WCM Investment Management LLC increased its stake in Credicorp by 1,723.7% in the 4th quarter. WCM Investment Management LLC now owns 303,705 shares of the bank’s stock valued at $45,832,000 after buying an additional 287,052 shares during the last quarter. Jump Financial LLC increased its stake in shares of Credicorp by 355.3% during the 4th quarter. Jump Financial LLC now owns 17,300 shares of the bank’s stock worth $2,594,000 after purchasing an additional 13,500 shares during the last quarter. LA Financiere DE L Echiquier increased its stake in shares of Credicorp by 20.3% during the 4th quarter. LA Financiere DE L Echiquier now owns 34,677 shares of the bank’s stock worth $5,199,000 after purchasing an additional 5,841 shares during the last quarter. Deltec Asset Management LLC acquired a new position in shares of Credicorp during the 4th quarter worth about $1,349,000. Finally, Handelsbanken Fonder AB increased its stake in shares of Credicorp by 2.3% during the 4th quarter. Handelsbanken Fonder AB now owns 252,909 shares of the bank’s stock worth $37,919,000 after purchasing an additional 5,695 shares during 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 recent analyst reports. UBS Group lowered their price objective on shares of Credicorp from $192.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. JPMorgan Chase & Co. boosted their price objective on shares of Credicorp from $190.00 to $194.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Credicorp currently has a consensus rating of “Moderate Buy” and an average price target of $181.73.

Credicorp Price Performance

Shares of Credicorp stock traded up $0.44 on Friday, reaching $163.80. 47,171 shares of the stock were exchanged, compared to its average volume of 238,333. The firm’s 50 day moving average is $169.81 and its 200-day moving average is $153.64. The firm has a market cap of $13.03 billion, a PE ratio of 10.25, a P/E/G ratio of 0.58 and a beta of 1.12. Credicorp Ltd. has a one year low of $116.42 and a one year high of $180.21. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.01 and a current ratio of 1.01.

Credicorp Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 20th will be given a dividend of $9.4084 per share. This represents a yield of 3.8%. This is a boost from Credicorp’s previous annual dividend of $6.74. The ex-dividend date of this dividend is Friday, May 17th. Credicorp’s dividend payout ratio is currently 40.18%.

Credicorp Profile

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.