Credicorp (NYSE:BAP) Hits New 12-Month High - What's Next?

Credicorp Ltd. (NYSE:BAP - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $223.39 and last traded at $223.20, with a volume of 317131 shares changing hands. The stock had previously closed at $217.43.

Analysts Set New Price Targets

BAP has been the subject of several recent research reports. Wall Street Zen cut Credicorp from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. UBS Group reiterated a "buy" rating on shares of Credicorp in a research note on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $211.00.

Credicorp Stock Up 0.4%

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $17.82 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. The firm has a 50-day moving average price of $207.95 and a two-hundred day moving average price of $192.56.

Credicorp Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 19th were given a $10.9577 dividend. This represents a yield of 4.5%. This is a positive change from Credicorp's previous annual dividend of $2.91. The ex-dividend date was Monday, May 19th. Credicorp's dividend payout ratio (DPR) is 59.87%.

Hedge Funds Weigh In On Credicorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC grew its position in Credicorp by 2.4% in the 1st quarter. Voya Investment Management LLC now owns 5,088 shares of the bank's stock valued at $947,000 after buying an additional 120 shares during the last quarter. Inspire Investing LLC purchased a new position in Credicorp in the 1st quarter valued at $744,000. Acadian Asset Management LLC grew its position in Credicorp by 30.3% in the 1st quarter. Acadian Asset Management LLC now owns 316,525 shares of the bank's stock valued at $58,897,000 after buying an additional 73,644 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Credicorp by 1.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,343,531 shares of the bank's stock valued at $250,112,000 after buying an additional 13,592 shares during the last quarter. Finally, Sciencast Management LP purchased a new position in Credicorp in the 1st quarter valued at $828,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

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.