Credicorp (NYSE:BAP) Sets New 12-Month High - Should You Buy?

Credicorp Ltd. (NYSE:BAP - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $226.85 and last traded at $222.42, with a volume of 405613 shares. The stock had previously closed at $223.52.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen lowered Credicorp from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. UBS Group reissued 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 given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $211.00.

Credicorp Price Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.03 and a quick ratio of 1.03. The stock's 50 day simple moving average is $211.24 and its two-hundred day simple moving average is $193.82. The stock has a market cap of $18.08 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 0.83 and a beta of 1.05.

Credicorp Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 19th were issued a dividend of $10.9577 per share. The ex-dividend date was Monday, May 19th. This is a boost from Credicorp's previous annual dividend of $2.91. This represents a dividend yield of 4.5%. Credicorp's dividend payout ratio (DPR) is presently 59.87%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BAP. Itau Unibanco Holding S.A. increased its stake in Credicorp by 243.8% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank's stock worth $290,920,000 after purchasing an additional 1,217,368 shares in the last quarter. Norges Bank acquired a new stake in shares of Credicorp during the 4th quarter worth $84,213,000. Nuveen LLC acquired a new stake in Credicorp in the first quarter valued at about $77,577,000. Millennium Management LLC boosted its stake in Credicorp by 853.1% in the first quarter. Millennium Management LLC now owns 319,076 shares of the bank's stock valued at $59,399,000 after buying an additional 285,597 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Credicorp by 59.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 757,271 shares of the bank's stock valued at $138,824,000 after purchasing an additional 282,869 shares in the last quarter. 89.81% of the stock is owned by 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.