Credicorp Ltd. (NYSE:BAP) Shares Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP increased its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 92.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,100 shares of the bank's stock after purchasing an additional 47,100 shares during the period. Artemis Investment Management LLP owned 0.12% of Credicorp worth $18,262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BAP. Rhumbline Advisers raised its holdings in shares of Credicorp by 4.7% in the 4th quarter. Rhumbline Advisers now owns 16,139 shares of the bank's stock valued at $2,959,000 after buying an additional 730 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of Credicorp by 4.2% in the 4th 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 last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Credicorp by 46.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 3,138 shares of the bank's stock worth $575,000 after buying an additional 997 shares during the last quarter. Assetmark Inc. grew its stake in Credicorp by 173.1% during the 4th quarter. Assetmark Inc. now owns 17,701 shares of the bank's stock worth $3,245,000 after buying an additional 11,220 shares during the last quarter. Finally, Candriam S.C.A. purchased a new position in Credicorp during the 4th quarter worth $11,348,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BAP. Wall Street Zen downgraded shares of Credicorp from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. UBS Group restated a "buy" rating on shares of Credicorp in a report 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 currently has an average rating of "Hold" and a consensus target price of $211.00.

Credicorp Trading Down 0.1%

Shares of NYSE BAP traded down $0.30 during midday trading on Monday, hitting $223.60. The stock had a trading volume of 239,509 shares, compared to its average volume of 267,876. 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 Ltd. has a 1-year low of $153.27 and a 1-year high of $236.67. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 0.72 and a beta of 1.04. The company has a fifty day moving average price of $207.95 and a 200 day moving average price of $192.56.

Credicorp Increases Dividend

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

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.