UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Holdings in Credicorp Ltd. (NYSE:BAP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,329,939 shares of the bank's stock after purchasing an additional 2,992 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.67% of Credicorp worth $243,804,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its stake in Credicorp by 37.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 226 shares of the bank's stock worth $41,000 after acquiring an additional 62 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Credicorp by 4.2% during the fourth quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank's stock worth $283,000 after acquiring an additional 62 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Credicorp by 4.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 1,555 shares of the bank's stock worth $285,000 after acquiring an additional 63 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Credicorp by 4.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,628 shares of the bank's stock worth $298,000 after acquiring an additional 67 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Credicorp by 5.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,591 shares of the bank's stock worth $292,000 after acquiring an additional 76 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Credicorp from a "hold" rating to a "buy" rating in a research note on Saturday.

Credicorp Trading Up 0.0%

Shares of BAP traded up $0.01 during mid-day trading on Wednesday, reaching $207.69. 65,054 shares of the company's stock traded hands, compared to its average volume of 259,151. The stock has a market cap of $16.52 billion, a P/E ratio of 11.31, a P/E/G ratio of 0.56 and a beta of 1.00. The stock's 50-day moving average is $193.07 and its two-hundred day moving average is $188.55. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $210.71. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07.

Credicorp Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be paid a dividend of $10.9577 per share. This is a boost from Credicorp's previous annual dividend of $2.91. The ex-dividend date is Monday, May 19th. This represents a dividend yield of 4.5%. Credicorp's dividend payout ratio is currently 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.