Board of the Pension Protection Fund Has $856,000 Stock Position in Credicorp Ltd. (NYSE:BAP)

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

A number of other institutional investors have also recently bought and sold shares of BAP. Rhumbline Advisers boosted its holdings in 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 purchasing an additional 730 shares during the period. Sanctuary Advisors LLC boosted its holdings in 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. Y Intercept Hong Kong Ltd lifted its holdings 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 acquiring an additional 997 shares during the period. Assetmark Inc. lifted its holdings in shares of 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 acquiring an additional 11,220 shares during the period. Finally, Candriam S.C.A. bought a new stake in shares of Credicorp during the 4th quarter worth approximately $11,348,000. Institutional investors own 89.81% of the company's stock.

Credicorp Price Performance

BAP stock traded down $0.30 during trading on Monday, reaching $223.60. 239,511 shares of the company were exchanged, compared to its average volume of 267,877. The company has a 50-day moving average of $208.73 and a two-hundred day moving average of $192.80. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 0.72 and a beta of 1.04. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $225.68. 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 Increases Dividend

The business also recently disclosed 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 of this dividend was Monday, May 19th. Credicorp's dividend payout ratio is currently 59.87%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group reaffirmed a "buy" rating on shares of Credicorp in a report on Monday, June 2nd. Wall Street Zen downgraded shares of Credicorp from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. One 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. According to data from MarketBeat, Credicorp currently has an average rating of "Hold" and an average price target of $211.00.

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.