Envestnet Asset Management Inc. Has $16.66 Million Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Envestnet Asset Management Inc. cut its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 9.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 89,473 shares of the bank's stock after selling 9,296 shares during the quarter. Envestnet Asset Management Inc. owned about 0.11% of Credicorp worth $16,656,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Penserra Capital Management LLC bought a new stake in Credicorp in the 1st quarter valued at approximately $122,000. IFM Investors Pty Ltd lifted its stake in Credicorp by 37.9% in the 1st quarter. IFM Investors Pty Ltd now owns 3,467 shares of the bank's stock valued at $627,000 after acquiring an additional 952 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Credicorp by 811.5% in the 1st quarter. Teacher Retirement System of Texas now owns 229,129 shares of the bank's stock valued at $42,655,000 after acquiring an additional 203,992 shares in the last quarter. Ativo Capital Management LLC raised its stake in shares of Credicorp by 44.1% during the 1st quarter. Ativo Capital Management LLC now owns 31,470 shares of the bank's stock worth $5,858,000 after purchasing an additional 9,630 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Credicorp by 8.8% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,165 shares of the bank's stock worth $589,000 after purchasing an additional 255 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BAP shares. Wall Street Zen cut Credicorp from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. UBS Group restated a "buy" rating on shares of Credicorp in a research note on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Credicorp has an average rating of "Hold" and an average price target of $211.00.

Credicorp Stock Performance

Shares of NYSE BAP opened at $225.93 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.03 and a quick ratio of 1.03. The stock's fifty day moving average price is $215.36 and its two-hundred day moving average price is $196.42. Credicorp Ltd. has a one year low of $153.27 and a one year high of $228.69. 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.

Credicorp Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 19th were issued a dividend of $10.9577 per share. This is a positive change from Credicorp's previous annual dividend of $2.91. This represents a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, May 19th. Credicorp's dividend payout ratio is 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.

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