Carrhae Capital LLP Purchases 158,206 Shares of Credicorp Ltd. (NYSE:BAP)

Carrhae Capital LLP increased its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 389.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,875 shares of the bank's stock after buying an additional 158,206 shares during the quarter. Credicorp comprises approximately 2.7% of Carrhae Capital LLP's investment portfolio, making the stock its 12th largest holding. Carrhae Capital LLP owned 0.25% of Credicorp worth $37,023,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Itau Unibanco Holding S.A. grew its stake in Credicorp by 243.8% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank's stock valued at $290,920,000 after acquiring an additional 1,217,368 shares during the period. Norges Bank acquired a new stake in Credicorp in the 4th quarter valued at $84,213,000. Price T Rowe Associates Inc. MD grew its stake in Credicorp by 59.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 757,271 shares of the bank's stock valued at $138,824,000 after acquiring an additional 282,869 shares during the period. Canada Pension Plan Investment Board grew its stake in Credicorp by 130.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 494,526 shares of the bank's stock valued at $90,657,000 after acquiring an additional 280,361 shares during the period. Finally, GQG Partners LLC acquired a new stake in Credicorp in the 4th quarter valued at $40,187,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Credicorp Stock Up 2.4%

Shares of BAP traded up $5.37 during trading hours on Thursday, reaching $225.93. The company's stock had a trading volume of 341,008 shares, compared to its average volume of 272,210. The firm has a market cap of $17.97 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 0.79 and a beta of 1.05. The company has a 50 day moving average of $214.92 and a two-hundred day moving average of $196.10. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $228.69. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.49.

Credicorp Increases Dividend

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

Wall Street Analysts Forecast Growth

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

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.