MQS Management LLC Invests $525,000 in Credicorp Ltd. (NYSE:BAP)

MQS Management LLC purchased a new stake in Credicorp Ltd. (NYSE:BAP - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,822 shares of the bank's stock, valued at approximately $525,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. boosted its stake in Credicorp by 243.8% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank's stock worth $290,920,000 after acquiring an additional 1,217,368 shares during the last quarter. Norges Bank bought a new stake in shares of Credicorp in the 4th quarter valued at $84,213,000. Price T Rowe Associates Inc. MD raised its stake 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 worth $138,824,000 after buying an additional 282,869 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Credicorp by 130.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 494,526 shares of the bank's stock worth $90,657,000 after acquiring an additional 280,361 shares in the last quarter. Finally, GQG Partners LLC acquired a new position in Credicorp in the fourth quarter valued at about $40,187,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Wall Street Zen lowered Credicorp from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. UBS Group reaffirmed a "buy" rating on shares of Credicorp in a research note on Monday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Credicorp has a consensus rating of "Hold" and a consensus target price of $211.00.

Credicorp Price Performance

Shares of BAP opened at $222.23 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.49. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $228.69. The stock has a market capitalization of $17.68 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.81 and a beta of 1.05. The company has a 50 day moving average of $213.67 and a 200-day moving average of $195.47.

Credicorp Increases Dividend

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

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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