Baillie Gifford & Co. Trims Stock Position in Credicorp Ltd. (NYSE:BAP)

Key Points

• Baillie Gifford & Co. has reduced its stake in Credicorp Ltd. by 0.3%, now holding approximately 2.03% of the company, valued at about $301 million.
• Credicorp recently increased its annual dividend to $10.96, representing a yield of 4.5%, up from the previous dividend of $2.91.
• Analysts have mixed views on Credicorp, with Goldman Sachs upgrading the stock to a "neutral" rating and setting a target price of $225, while the average analyst rating remains a "hold" with a consensus target price of $227.25.

Baillie Gifford & Co. lowered its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,617,353 shares of the bank's stock after selling 4,973 shares during the quarter. Baillie Gifford & Co. owned about 2.03% of Credicorp worth $301,086,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BAP. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Credicorp by 4.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,628 shares of the bank's stock worth $298,000 after buying an additional 67 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Credicorp by 16.2% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,190 shares of the bank's stock worth $951,000 after acquiring an additional 723 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Credicorp during the fourth quarter valued at about $782,000. KLP Kapitalforvaltning AS purchased a new position in shares of Credicorp in the 4th quarter worth about $3,562,000. Finally, LPL Financial LLC increased its position in shares of Credicorp by 44.4% during the 4th quarter. LPL Financial LLC now owns 4,419 shares of the bank's stock valued at $810,000 after purchasing an additional 1,358 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Down 0.4%

BAP opened at $236.11 on Friday. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $240.00. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.49. The business's 50-day moving average price is $217.86 and its 200-day moving average price is $198.02. The company has a market cap of $18.78 billion, a P/E ratio of 12.84, a P/E/G ratio of 0.84 and a beta of 1.05.

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 given 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 payout ratio is presently 59.87%.

Analyst Ratings Changes

BAP has been the topic of a number of research reports. The Goldman Sachs Group raised Credicorp from a "sell" rating to a "neutral" rating and raised their price objective for the company from $174.00 to $225.00 in a report on Thursday. Wall Street Zen lowered shares of Credicorp from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Finally, UBS Group reaffirmed a "buy" rating on shares of Credicorp in a research note on Monday, June 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Credicorp has an average rating of "Hold" and a consensus target price of $227.25.

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.

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