Credicorp (NYSE:BAP) Hits New 12-Month High - Here's What Happened

Shares of Credicorp Ltd. (NYSE:BAP - Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $210.85 and last traded at $210.83, with a volume of 151838 shares. The stock had previously closed at $209.79.

Analyst Ratings Changes

Several research firms have recently weighed in on BAP. Wall Street Zen cut shares of Credicorp from a "buy" rating to a "hold" rating in a report on Sunday. UBS Group raised Credicorp from a "buy" rating to a "strong-buy" rating and lifted their price objective for the company from $221.00 to $257.00 in a research report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Credicorp presently has a consensus rating of "Hold" and a consensus target price of $211.00.

Credicorp Stock Performance

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. The business's fifty day simple moving average is $194.47 and its 200-day simple moving average is $189.20. The company has a market capitalization of $17.25 billion, a P/E ratio of 11.79, a P/E/G ratio of 0.56 and a beta of 1.00.

Credicorp Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be given a $10.9577 dividend. This is a boost from Credicorp's previous annual dividend of $2.91. The ex-dividend date is Monday, May 19th. This represents a dividend yield of 4.5%. Credicorp's dividend payout ratio (DPR) is presently 58.95%.

Institutional Investors Weigh In On Credicorp

Large investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC lifted its holdings in shares of Credicorp by 4.2% in the 4th quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank's stock valued at $283,000 after buying an additional 62 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Credicorp by 4.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 1,555 shares of the bank's stock valued at $285,000 after acquiring an additional 63 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Credicorp by 4.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,628 shares of the bank's stock worth $298,000 after buying an additional 67 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Credicorp by 5.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,591 shares of the bank's stock valued at $292,000 after buying an additional 76 shares in the last quarter. Finally, Fiduciary Trust Co boosted its stake in shares of Credicorp by 4.3% during the 4th quarter. Fiduciary Trust Co now owns 1,939 shares of the bank's stock worth $356,000 after acquiring an additional 80 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Company 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.