Sumitomo Mitsui Trust Group Inc. Buys 6,399 Shares of Credicorp Ltd. (NYSE:BAP)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 178,443 shares of the bank's stock after purchasing an additional 6,399 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Credicorp worth $33,219,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BAP. Itau Unibanco Holding S.A. boosted its stake in Credicorp by 243.8% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank's stock worth $290,920,000 after buying an additional 1,217,368 shares in the last quarter. Norges Bank acquired a new stake in shares of Credicorp during the 4th quarter valued at about $84,213,000. Price T Rowe Associates Inc. MD boosted its position in shares of Credicorp by 59.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 757,271 shares of the bank's stock valued at $138,824,000 after acquiring an additional 282,869 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Credicorp by 130.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 494,526 shares of the bank's stock valued at $90,657,000 after acquiring an additional 280,361 shares during the period. Finally, GQG Partners LLC acquired a new position in Credicorp in the fourth quarter worth about $40,187,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Credicorp Stock Up 1.3%

Shares of NYSE:BAP opened at $225.53 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.49. The firm has a market cap of $17.94 billion, a P/E ratio of 12.26, a P/E/G ratio of 0.81 and a beta of 1.05. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $226.85. The company's 50-day moving average price is $210.00 and its two-hundred day moving average price is $193.23.

Credicorp Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have weighed in on BAP. Wall Street Zen cut Credicorp from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. UBS Group restated a "buy" rating on shares of Credicorp in a research note on Monday, June 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $211.00.

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.

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