Massachusetts Financial Services Co. MA Raises Stock Position in Credicorp Ltd. (NYSE:BAP)

Massachusetts Financial Services Co. MA lifted its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,032,656 shares of the bank's stock after purchasing an additional 7,692 shares during the quarter. Massachusetts Financial Services Co. MA owned 3.81% of Credicorp worth $564,559,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. MQS Management LLC bought a new position in shares of Credicorp during the 1st quarter valued at about $525,000. Ballentine Partners LLC lifted its holdings in shares of Credicorp by 40.2% in the 1st quarter. Ballentine Partners LLC now owns 2,607 shares of the bank's stock worth $485,000 after acquiring an additional 747 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Credicorp by 37.1% in the 1st quarter. Cerity Partners LLC now owns 5,545 shares of the bank's stock valued at $1,032,000 after purchasing an additional 1,500 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Credicorp during the 1st quarter valued at $122,000. Finally, IFM Investors Pty Ltd lifted its stake in Credicorp by 37.9% in the first quarter. IFM Investors Pty Ltd now owns 3,467 shares of the bank's stock worth $627,000 after purchasing an additional 952 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Trading Up 0.1%

BAP stock traded up $0.27 during trading on Tuesday, reaching $221.69. The company had a trading volume of 221,506 shares, compared to its average volume of 270,981. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.03 and a quick ratio of 1.03. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $228.69. The business has a 50 day moving average of $214.10 and a 200 day moving average of $195.75. The company has a market cap of $17.63 billion, a P/E ratio of 12.06, a PEG ratio of 0.81 and a beta of 1.05.

Credicorp Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 19th were paid a $10.9577 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 4.5%. This is an increase from Credicorp's previous annual dividend of $2.91. Credicorp's dividend payout ratio is presently 59.87%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BAP shares. Wall Street Zen lowered Credicorp from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. UBS Group reissued a "buy" rating on shares of Credicorp in a report on Monday, June 2nd. One 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's stock. According to data from MarketBeat, the stock currently has an average 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.