SG Americas Securities LLC Has $3.61 Million Stock Position in Credicorp Ltd. (NYSE:BAP)

SG Americas Securities LLC decreased its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 8.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,369 shares of the bank's stock after selling 1,902 shares during the quarter. SG Americas Securities LLC's holdings in Credicorp were worth $3,606,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BAP. Headlands Technologies LLC acquired a new stake in shares of Credicorp in the 4th quarter worth $38,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Credicorp during the fourth quarter worth about $40,000. Farther Finance Advisors LLC lifted its position in Credicorp by 2,170.0% in the first quarter. Farther Finance Advisors LLC now owns 227 shares of the bank's stock valued at $44,000 after purchasing an additional 217 shares during the period. Quarry LP acquired a new stake in shares of Credicorp during the 4th quarter valued at approximately $47,000. Finally, Wells Fargo & Company MN raised its position in shares of Credicorp by 45.7% during 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 last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Trading Up 0.0%

Shares of BAP traded up $0.05 during midday trading on Tuesday, hitting $218.37. The stock had a trading volume of 319,142 shares, compared to its average volume of 268,920. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $221.27. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.49. The firm has a market cap of $17.37 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 0.71 and a beta of 1.04. The business has a 50-day simple moving average of $201.96 and a two-hundred day simple moving average of $191.05.

Credicorp Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 19th were paid a $10.9577 dividend. This is a boost from Credicorp's previous annual dividend of $2.91. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 4.5%. Credicorp's payout ratio is presently 59.87%.

Analysts Set New Price Targets

BAP has been the subject of a number of research reports. UBS Group reissued a "buy" rating on shares of Credicorp in a research report on Monday, June 2nd. Wall Street Zen lowered Credicorp from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $211.00.

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.