Lansforsakringar Fondforvaltning AB publ Invests $2.26 Million in Credicorp Ltd. (NYSE:BAP)

Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,309 shares of the bank's stock, valued at approximately $2,256,000.

A number of other institutional investors also recently bought and sold shares of BAP. Headlands Technologies LLC purchased a new position in Credicorp during the 4th quarter worth approximately $38,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Credicorp during the 4th quarter valued at approximately $40,000. Quarry LP purchased a new position in shares of Credicorp during the 4th quarter valued at approximately $47,000. Wells Fargo & Company MN increased its holdings in shares of Credicorp by 45.7% during the 4th quarter. Wells Fargo & Company MN now owns 692 shares of the bank's stock valued at $127,000 after purchasing an additional 217 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Credicorp during the 4th quarter valued at approximately $128,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BAP has been the subject of several recent research reports. Wall Street Zen lowered shares of Credicorp from a "buy" rating to a "hold" rating in a report on Sunday. UBS Group raised shares of Credicorp from a "buy" rating to a "strong-buy" rating and lifted their price target for the company from $221.00 to $257.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $211.00.

Credicorp Price Performance

Credicorp stock traded up $2.38 during trading on Tuesday, reaching $216.83. The company had a trading volume of 558,826 shares, compared to its average volume of 265,282. The firm's 50-day simple moving average is $194.99 and its 200 day simple moving average is $189.39. Credicorp Ltd. has a 1-year low of $153.27 and a 1-year high of $217.36. The firm has a market capitalization of $17.25 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. 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 Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be paid a $10.9577 dividend. The ex-dividend date is Monday, May 19th. This represents a yield of 4.5%. This is a boost from Credicorp's previous annual dividend of $2.91. Credicorp's dividend payout ratio (DPR) is currently 58.95%.

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.