Robeco Institutional Asset Management B.V. Buys 41,341 Shares of Credicorp Ltd. (NYSE:BAP)

Robeco Institutional Asset Management B.V. raised its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 25.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,973 shares of the bank's stock after buying an additional 41,341 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.26% of Credicorp worth $38,344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Credicorp during the 4th quarter worth approximately $38,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Credicorp during the fourth quarter worth $40,000. Farther Finance Advisors LLC raised its holdings in shares of Credicorp by 2,170.0% during the first quarter. Farther Finance Advisors LLC now owns 227 shares of the bank's stock worth $44,000 after acquiring an additional 217 shares during the period. Quarry LP bought a new stake in Credicorp in the 4th quarter valued at $47,000. Finally, Wells Fargo & Company MN boosted its stake in Credicorp by 45.7% in the 4th quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock worth $127,000 after purchasing an additional 217 shares during the period. 89.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

BAP has been the topic of several recent research reports. Wall Street Zen downgraded Credicorp from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. UBS Group reiterated 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 given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Credicorp has a consensus rating of "Hold" and a consensus target price of $211.00.

Credicorp Stock Up 0.4%

Credicorp stock traded up $0.96 during mid-day trading on Friday, reaching $224.01. The company's stock had a trading volume of 330,887 shares, compared to its average volume of 267,990. The company has a market capitalization of $17.82 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $224.28. The business's 50 day simple moving average is $207.95 and its 200 day simple moving average is $192.56. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.03 and a current ratio of 1.03.

Credicorp Increases Dividend

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

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.