Artemis Investment Management LLP Acquires 47,100 Shares of Credicorp Ltd. (NYSE:BAP)

Artemis Investment Management LLP raised its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 92.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,100 shares of the bank's stock after purchasing an additional 47,100 shares during the quarter. Artemis Investment Management LLP owned 0.12% of Credicorp worth $18,262,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Headlands Technologies LLC bought a new stake in Credicorp during the fourth quarter worth approximately $38,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Credicorp during the 4th quarter valued at approximately $40,000. Farther Finance Advisors LLC raised its holdings in Credicorp by 2,170.0% during the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the bank's stock valued at $44,000 after buying an additional 217 shares during the period. Quarry LP bought a new stake in Credicorp in the fourth quarter worth $47,000. Finally, Wells Fargo & Company MN boosted its stake in Credicorp by 45.7% during the fourth quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock worth $127,000 after buying an additional 217 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Credicorp Stock Performance

BAP stock opened at $223.20 on Friday. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $223.39. The business has a 50-day moving average price of $207.18 and a 200 day moving average price of $192.35. The company has a market capitalization of $17.75 billion, a P/E ratio of 12.14, a PEG ratio of 0.70 and a beta of 1.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.03 and a quick ratio of 1.03.

Credicorp Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 19th were paid a $10.9577 dividend. This is an increase from Credicorp's previous annual dividend of $2.91. The ex-dividend date of this dividend was Monday, May 19th. This represents a yield of 4.5%. Credicorp's payout ratio is 59.87%.

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.

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