Credicorp Ltd. (NYSE:BAP) Shares Acquired by Board of the Pension Protection Fund

Board of the Pension Protection Fund increased its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 100.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,600 shares of the bank's stock after acquiring an additional 2,300 shares during the period. Board of the Pension Protection Fund's holdings in Credicorp were worth $856,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Cerity Partners LLC boosted its position in Credicorp by 31.8% in the 4th quarter. Cerity Partners LLC now owns 4,045 shares of the bank's stock worth $735,000 after purchasing an additional 977 shares in the last quarter. Sanctuary Advisors LLC lifted its stake 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 purchasing an additional 62 shares during the period. GAMMA Investing LLC boosted its holdings in Credicorp by 27,522.6% during the first quarter. GAMMA Investing LLC now owns 8,563 shares of the bank's stock worth $1,594,000 after buying an additional 8,532 shares in the last quarter. Quantinno Capital Management LP grew its position in Credicorp by 29.5% during the fourth quarter. Quantinno Capital Management LP now owns 2,996 shares of the bank's stock valued at $549,000 after buying an additional 682 shares during the period. Finally, PNC Financial Services Group Inc. grew 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 buying an additional 76 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen downgraded 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 report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $211.00.

Credicorp Price Performance

Credicorp stock traded up $0.96 during midday trading on Friday, reaching $224.01. The company had a trading volume of 330,887 shares, compared to its average volume of 268,445. 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 12-month low of $153.27 and a 12-month high of $224.23. The company has a market capitalization of $17.82 billion, a P/E ratio of 12.18, a P/E/G ratio of 0.70 and a beta of 1.04. The firm's fifty day simple moving average is $207.18 and its 200-day simple moving average is $192.35.

Credicorp Increases Dividend

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