Ativo Capital Management LLC Acquires 9,630 Shares of Credicorp Ltd. (NYSE:BAP)

Ativo Capital Management LLC grew its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 44.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 31,470 shares of the bank's stock after acquiring an additional 9,630 shares during the quarter. Credicorp comprises 5.0% of Ativo Capital Management LLC's investment portfolio, making the stock its 5th biggest holding. Ativo Capital Management LLC's holdings in Credicorp were worth $5,858,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Credicorp by 8.8% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,165 shares of the bank's stock valued at $589,000 after acquiring an additional 255 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Credicorp by 3.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 178,443 shares of the bank's stock worth $33,219,000 after buying an additional 6,399 shares during the last quarter. Artemis Investment Management LLP lifted its stake in Credicorp by 92.4% in the first quarter. Artemis Investment Management LLP now owns 98,100 shares of the bank's stock valued at $18,262,000 after buying an additional 47,100 shares during the last quarter. Board of the Pension Protection Fund boosted its holdings in shares of Credicorp by 100.0% in the first quarter. Board of the Pension Protection Fund now owns 4,600 shares of the bank's stock valued at $856,000 after acquiring an additional 2,300 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Credicorp by 25.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 205,973 shares of the bank's stock worth $38,344,000 after acquiring an additional 41,341 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Credicorp Stock Up 1.3%

Shares of NYSE:BAP opened at $225.53 on Thursday. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $226.85. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.49. The firm's 50-day simple moving average is $210.00 and its 200-day simple moving average is $193.23. The company has a market cap of $17.94 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 0.81 and a beta of 1.05.

Credicorp Increases Dividend

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

Analysts Set New Price Targets

BAP has been the subject of a number of recent research reports. UBS Group reiterated a "buy" rating on shares of Credicorp in a research note on Monday, June 2nd. Wall Street Zen lowered Credicorp from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $211.00.

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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