GAMMA Investing LLC Acquires 8,532 Shares of Credicorp Ltd. (NYSE:BAP)

GAMMA Investing LLC lifted its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 27,522.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 8,563 shares of the bank's stock after acquiring an additional 8,532 shares during the quarter. GAMMA Investing LLC's holdings in Credicorp were worth $1,594,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Credicorp in the 4th quarter worth approximately $38,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Credicorp in the 4th quarter worth approximately $40,000. Quarry LP bought a new stake in shares of Credicorp in the 4th quarter worth approximately $47,000. Wells Fargo & Company MN lifted its holdings in shares of Credicorp by 45.7% in the 4th quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock worth $127,000 after acquiring an additional 217 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Credicorp in the 4th quarter worth approximately $128,000. 89.81% of the stock is currently owned by institutional investors.

Credicorp Trading Down 0.7%

NYSE:BAP opened at $216.86 on Friday. The company has a fifty day moving average of $200.19 and a 200 day moving average of $190.63. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $221.27. The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $17.25 billion, a P/E ratio of 11.79, a P/E/G ratio of 0.56 and a beta of 1.04.

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 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 yield of 4.5%. The ex-dividend date of this dividend was Monday, May 19th. Credicorp's dividend payout ratio is currently 58.95%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BAP. Wall Street Zen lowered shares of Credicorp from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. UBS Group reiterated a "buy" rating on shares of Credicorp in a report on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.

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