Los Angeles Capital Management LLC Sells 3,105 Shares of Credicorp Ltd. (NYSE:BAP)

Los Angeles Capital Management LLC lessened its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 7.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,906 shares of the bank's stock after selling 3,105 shares during the period. Los Angeles Capital Management LLC's holdings in Credicorp were worth $6,870,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerity Partners LLC raised its position in shares of Credicorp by 31.8% during the 4th quarter. Cerity Partners LLC now owns 4,045 shares of the bank's stock valued at $735,000 after buying an additional 977 shares in the last quarter. GAMMA Investing LLC raised its position in Credicorp by 27,522.6% in the 1st quarter. GAMMA Investing LLC now owns 8,563 shares of the bank's stock worth $1,594,000 after purchasing an additional 8,532 shares during the period. Quantinno Capital Management LP raised its position in Credicorp by 29.5% in the 4th quarter. Quantinno Capital Management LP now owns 2,996 shares of the bank's stock worth $549,000 after purchasing an additional 682 shares during the period. Penserra Capital Management LLC purchased a new position in Credicorp in the 1st quarter worth $122,000. Finally, First Trust Advisors LP raised its position in Credicorp by 42.0% in the 4th quarter. First Trust Advisors LP now owns 3,298 shares of the bank's stock worth $605,000 after purchasing an additional 975 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Credicorp Stock Performance

Shares of NYSE:BAP opened at $226.04 on Tuesday. The firm's 50 day simple moving average is $215.78 and its 200-day simple moving average is $196.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.03 and a current ratio of 1.03. Credicorp Ltd. has a one year low of $153.27 and a one year high of $229.55. The firm has a market cap of $17.98 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.81 and a beta of 1.05.

Credicorp Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 19th were issued a $10.9577 dividend. 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 was Monday, May 19th. Credicorp's payout ratio is currently 59.87%.

Analyst Ratings Changes

BAP has been the topic of a number of research reports. UBS Group reaffirmed a "buy" rating on shares of Credicorp in a research note 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.

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