Cerity Partners LLC grew its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 37.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,545 shares of the bank's stock after purchasing an additional 1,500 shares during the period. Cerity Partners LLC's holdings in Credicorp were worth $1,032,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its holdings in shares of 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 purchasing an additional 67 shares during the last quarter. Fiduciary Trust Co grew its holdings in shares of 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 purchasing an additional 80 shares during the last quarter. Banco BTG Pactual S.A. grew its holdings in shares of 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 purchasing an additional 81 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of Credicorp by 1.7% during the fourth quarter. Synovus Financial Corp now owns 4,940 shares of the bank's stock valued at $906,000 after purchasing an additional 81 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Credicorp by 3.4% during the fourth quarter. Quadrant Capital Group LLC now owns 2,748 shares of the bank's stock valued at $504,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 89.81% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Credicorp from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. UBS Group reissued a "buy" rating on shares of Credicorp in a report on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $211.00.
Check Out Our Latest Stock Analysis on Credicorp
Credicorp Trading Up 1.4%
Credicorp stock opened at $229.40 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $18.25 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 0.81 and a beta of 1.05. Credicorp Ltd. has a one year low of $153.27 and a one year high of $230.94. The company's fifty day moving average price is $215.78 and its two-hundred day moving average price is $196.90.
Credicorp Increases Dividend
The firm also recently declared an annual dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 19th were given a $10.9577 dividend. This is an increase from Credicorp's previous annual dividend of $2.91. This represents a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, May 19th. Credicorp's dividend payout ratio (DPR) is currently 59.87%.
Credicorp Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Credicorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Credicorp wasn't on the list.
While Credicorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
