Credicorp Ltd. (NYSE:BAP) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC cut its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 3.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,045,374 shares of the bank's stock after selling 35,205 shares during the period. Pzena Investment Management LLC owned about 1.31% of Credicorp worth $194,607,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in shares of Credicorp during the fourth quarter worth $38,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Credicorp during the fourth quarter worth $40,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Credicorp during the first quarter worth $40,000. Farther Finance Advisors LLC grew its holdings in shares of Credicorp by 2,170.0% during the first quarter. Farther Finance Advisors LLC now owns 227 shares of the bank's stock worth $44,000 after buying an additional 217 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Credicorp during the fourth quarter worth $47,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BAP has been the subject of a number of research reports. UBS Group reaffirmed 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 report on Sunday, June 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Credicorp presently has an average rating of "Hold" and an average price target of $211.00.

Credicorp Trading Up 2.4%

Shares of BAP traded up $5.37 during mid-day trading on Thursday, reaching $225.93. The stock had a trading volume of 341,008 shares, compared to its average volume of 272,210. The firm has a market cap of $17.97 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 0.79 and a beta of 1.05. Credicorp Ltd. has a 52-week low of $153.27 and a 52-week high of $228.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.03 and a quick ratio of 1.03. The business's fifty day moving average is $214.92 and its 200 day moving average is $196.10.

Credicorp Increases Dividend

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

Credicorp Company 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.