Wealthquest Corp Acquires Shares of 3,913 Credicorp Ltd. (NYSE:BAP)

Wealthquest Corp acquired a new stake in Credicorp Ltd. (NYSE:BAP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,913 shares of the bank's stock, valued at approximately $728,000.

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

Wall Street Analysts Forecast Growth

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

Credicorp Price Performance

Shares of NYSE BAP traded up $0.96 during midday trading on Friday, reaching $224.01. 330,887 shares of the company traded hands, compared to its average volume of 267,801. The firm has a market cap of $17.82 billion, a PE ratio of 12.18, a PEG ratio of 0.72 and a beta of 1.04. The stock's 50-day simple moving average is $207.95 and its 200-day simple moving average is $192.58. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $224.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.03 and a current ratio of 1.03.

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 of this dividend 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%.

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.