Credicorp Ltd. (NYSE:BAP) Shares Sold by ARGA Investment Management LP

ARGA Investment Management LP decreased its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 9.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 720,857 shares of the bank's stock after selling 73,730 shares during the quarter. Credicorp accounts for approximately 4.5% of ARGA Investment Management LP's investment portfolio, making the stock its 9th largest holding. ARGA Investment Management LP owned 0.91% of Credicorp worth $134,195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BAP. Assetmark Inc. lifted its holdings in Credicorp by 173.1% in the fourth quarter. Assetmark Inc. now owns 17,701 shares of the bank's stock valued at $3,245,000 after acquiring an additional 11,220 shares during the period. Callan Family Office LLC acquired a new position in Credicorp in the fourth quarter valued at approximately $204,000. PNC Financial Services Group Inc. lifted 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 acquiring an additional 76 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Credicorp by 1.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,341 shares of the bank's stock worth $29,210,000 after buying an additional 1,680 shares during the period. Finally, Pzena Investment Management LLC raised its stake in shares of Credicorp by 5.2% during the 4th quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank's stock worth $198,092,000 after buying an additional 53,746 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Ratings Changes

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

Credicorp Stock Up 0.1%

Shares of BAP traded up $0.12 during mid-day trading on Thursday, reaching $224.74. The company's stock had a trading volume of 189,010 shares, compared to its average volume of 269,788. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $228.69. The stock has a market cap of $17.87 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.82 and a beta of 1.05. 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 company's 50 day moving average is $212.72 and its 200 day moving average is $194.73.

Credicorp Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 19th were issued a $10.9577 dividend. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 4.5%. This is an increase from Credicorp's previous annual dividend of $2.91. Credicorp's dividend payout ratio 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.