Credicorp (NYSE:BAP) Sets New 12-Month High - Still a Buy?

Shares of Credicorp Ltd. (NYSE:BAP - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $222.99 and last traded at $219.43, with a volume of 10695 shares trading hands. The stock had previously closed at $218.81.

Analysts Set New Price Targets

Several research firms recently weighed in on BAP. UBS Group restated a "buy" rating on shares of Credicorp in a report on Monday, June 2nd. Wall Street Zen downgraded Credicorp from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $211.00.

Credicorp Trading Up 0.4%

The firm has a market capitalization of $17.39 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. The company's 50-day simple moving average is $204.48 and its 200 day simple moving average is $191.60. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.49.

Credicorp Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 19th were given a dividend of $10.9577 per share. This represents a dividend 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 is presently 59.87%.

Institutional Trading of Credicorp

Several hedge funds have recently modified their holdings of the company. FMR LLC raised its position in shares of Credicorp by 5.7% in the 4th quarter. FMR LLC now owns 3,642,818 shares of the bank's stock valued at $667,801,000 after purchasing an additional 196,197 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Credicorp by 0.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,032,656 shares of the bank's stock valued at $564,559,000 after purchasing an additional 7,692 shares during the last quarter. Itau Unibanco Holding S.A. raised its position in shares of Credicorp by 243.8% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank's stock valued at $290,920,000 after purchasing an additional 1,217,368 shares during the last quarter. Royal Bank of Canada raised its position in shares of Credicorp by 0.9% in the 1st quarter. Royal Bank of Canada now owns 1,695,980 shares of the bank's stock valued at $315,724,000 after purchasing an additional 14,852 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of 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 purchasing an additional 13,592 shares during 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.