Handelsbanken Fonder AB Cuts Stake in Credicorp Ltd. (NYSE:BAP)

Handelsbanken Fonder AB cut its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,430 shares of the bank's stock after selling 24,330 shares during the period. Handelsbanken Fonder AB owned about 0.25% of Credicorp worth $37,684,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Yousif Capital Management LLC lifted its position in shares of Credicorp by 4.0% during the 4th quarter. Yousif Capital Management LLC now owns 3,489 shares of the bank's stock worth $640,000 after buying an additional 135 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Credicorp by 6.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,910 shares of the bank's stock worth $533,000 after acquiring an additional 165 shares during the period. Asset Management One Co. Ltd. boosted its position in Credicorp by 19.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 10,039 shares of the bank's stock worth $1,818,000 after purchasing an additional 1,658 shares during the last quarter. V Square Quantitative Management LLC boosted its position in Credicorp by 28.0% in the fourth quarter. V Square Quantitative Management LLC now owns 2,880 shares of the bank's stock worth $534,000 after purchasing an additional 630 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Credicorp by 4.7% in the 4th quarter. Rhumbline Advisers now owns 16,139 shares of the bank's stock valued at $2,959,000 after purchasing an additional 730 shares during the period. Institutional investors own 89.81% of the company's stock.

Credicorp Price Performance

NYSE:BAP traded up $0.38 during mid-day trading on Thursday, reaching $218.61. The stock had a trading volume of 76,075 shares, compared to its average volume of 268,770. The stock has a market capitalization of $17.39 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.56 and a beta of 1.04. The firm has a 50 day moving average price of $198.30 and a two-hundred day moving average price of $190.28. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a one year low of $153.27 and a one year high of $220.46.

Credicorp Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be paid a dividend of $10.9577 per share. This represents a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, May 19th. This is a positive change from Credicorp's previous annual dividend of $2.91. Credicorp's dividend payout ratio is 58.95%.

Wall Street Analysts Forecast Growth

BAP has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Credicorp from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. UBS Group restated a "buy" rating on shares of Credicorp in a research note on Monday, June 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Credicorp has a consensus rating of "Hold" and a consensus price target of $211.00.

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.