Credicorp Ltd. (NYSE:BAP) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd cut its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 50.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 541,281 shares of the bank's stock after selling 548,053 shares during the quarter. Ninety One UK Ltd owned about 0.68% of Credicorp worth $100,765,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BAP. Assetmark Inc. lifted its position in Credicorp by 173.1% in the 4th quarter. Assetmark Inc. now owns 17,701 shares of the bank's stock valued at $3,245,000 after purchasing an additional 11,220 shares during the last quarter. Callan Family Office LLC bought a new stake in Credicorp in the 4th quarter valued at about $204,000. PNC Financial Services Group Inc. lifted its position in Credicorp by 5.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,591 shares of the bank's stock valued at $292,000 after purchasing an additional 76 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Credicorp by 1.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,341 shares of the bank's stock valued at $29,210,000 after purchasing an additional 1,680 shares during the last quarter. Finally, Pzena Investment Management LLC lifted its position in Credicorp by 5.2% in the 4th quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank's stock valued at $198,092,000 after purchasing an additional 53,746 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BAP shares. Wall Street Zen downgraded shares of Credicorp from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. UBS Group reiterated a "buy" rating on shares of Credicorp in a research report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $211.00.

Credicorp Price Performance

Credicorp stock traded down $1.28 during trading hours on Friday, hitting $222.23. 403,143 shares of the company traded hands, compared to its average volume of 270,798. The firm has a market cap of $17.68 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.82 and a beta of 1.05. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.49. The firm's 50-day simple moving average is $213.67 and its two-hundred day simple moving average is $195.29. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $228.69.

Credicorp Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 19th were 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 of this dividend was Monday, May 19th. This represents a yield of 4.5%. Credicorp's dividend payout ratio (DPR) is presently 59.87%.

Credicorp Company 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.