California State Teachers Retirement System Decreases Stock Holdings in Credicorp Ltd. (NYSE:BAP)

California State Teachers Retirement System lowered its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 30.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,018 shares of the bank's stock after selling 3,579 shares during the quarter. California State Teachers Retirement System's holdings in Credicorp were worth $1,470,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Credicorp by 5.7% during the 4th quarter. FMR LLC now owns 3,642,818 shares of the bank's stock worth $667,801,000 after purchasing an additional 196,197 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in shares of Credicorp by 243.8% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank's stock worth $290,920,000 after purchasing an additional 1,217,368 shares during the last quarter. Pzena Investment Management LLC raised its stake in Credicorp by 5.2% in the fourth quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank's stock valued at $198,092,000 after buying an additional 53,746 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Credicorp by 59.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 757,271 shares of the bank's stock valued at $138,824,000 after buying an additional 282,869 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in Credicorp by 2.9% in the fourth quarter. Lazard Asset Management LLC now owns 747,720 shares of the bank's stock valued at $137,070,000 after buying an additional 20,785 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. 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 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 stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $211.00.

Credicorp Stock Up 1.1%

Shares of BAP opened at $217.09 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $220.35. The stock's 50 day moving average is $196.56 and its two-hundred day moving average is $189.79. The firm has a market cap of $17.27 billion, a P/E ratio of 11.80, a PEG ratio of 0.56 and a beta of 1.04.

Credicorp Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be given a $10.9577 dividend. This represents a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, May 19th. This is an increase from Credicorp's previous annual dividend of $2.91. Credicorp's dividend payout ratio (DPR) is 58.95%.

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.

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