Credicorp Ltd. (NYSE:BAP) Stake Reduced by INCA Investments LLC

INCA Investments LLC decreased its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 9.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,260 shares of the bank's stock after selling 18,078 shares during the quarter. Credicorp makes up 15.6% of INCA Investments LLC's holdings, making the stock its 2nd largest holding. INCA Investments LLC owned about 0.23% of Credicorp worth $34,116,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Itau Unibanco Holding S.A. lifted its position in shares of Credicorp by 243.8% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank's stock worth $290,920,000 after purchasing an additional 1,217,368 shares during the period. Norges Bank purchased a new stake in Credicorp during the fourth quarter worth $84,213,000. Price T Rowe Associates Inc. MD boosted its position in Credicorp by 59.6% during 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 in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of 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 bought a new stake in Credicorp during the fourth quarter valued at about $40,187,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Credicorp Stock Performance

Shares of NYSE BAP traded up $1.12 during trading on Friday, reaching $227.25. 228,600 shares of the company traded hands, compared to its average volume of 270,124. The stock has a market cap of $18.07 billion, a P/E ratio of 12.36, a PEG ratio of 0.83 and a beta of 1.05. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $228.69. The firm's fifty day simple moving average is $211.24 and its 200 day simple moving average is $193.91. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.49.

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 $10.9577 dividend. The ex-dividend date was Monday, May 19th. This is an increase from Credicorp's previous annual dividend of $2.91. This represents a dividend yield of 4.5%. Credicorp's dividend payout ratio (DPR) is 59.87%.

Analyst Upgrades and Downgrades

BAP has been the subject of a number of recent research reports. UBS Group reiterated a "buy" rating on shares of Credicorp in a report on Monday, June 2nd. Wall Street Zen lowered shares of Credicorp from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. One 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 MarketBeat, Credicorp currently has a consensus rating of "Hold" and an average price target 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.