Bank of New York Mellon Corp Decreases Stake in Credicorp Ltd. (NYSE:BAP)

Bank of New York Mellon Corp lowered its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 64.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 246,416 shares of the bank's stock after selling 448,573 shares during the quarter. Bank of New York Mellon Corp owned about 0.31% of Credicorp worth $45,873,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its position in Credicorp by 4.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,555 shares of the bank's stock valued at $285,000 after acquiring an additional 63 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Credicorp by 4.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,628 shares of the bank's stock valued at $298,000 after acquiring an additional 67 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Credicorp by 5.0% during 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 last quarter. Fiduciary Trust Co boosted its position in Credicorp by 4.3% during the fourth quarter. Fiduciary Trust Co now owns 1,939 shares of the bank's stock valued at $356,000 after acquiring an additional 80 shares during the last quarter. Finally, Banco BTG Pactual S.A. boosted its position in Credicorp by 1.0% during the fourth quarter. Banco BTG Pactual S.A. now owns 8,134 shares of the bank's stock valued at $1,497,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

Credicorp Stock Up 2.4%

Shares of BAP stock traded up $5.37 on Thursday, reaching $225.93. 341,008 shares of the company were exchanged, compared to its average volume of 272,210. The company has a market cap of $17.97 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 0.79 and a beta of 1.05. The company has a 50-day moving average of $215.36 and a 200-day moving average of $196.42. 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 Ltd. has a one year low of $153.27 and a one year high of $228.69.

Credicorp Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen cut shares of Credicorp from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. UBS Group reaffirmed a "buy" rating on shares of Credicorp in a research report on Monday, June 2nd. One equities research 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 data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $211.00.

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.