Tidal Investments LLC lessened its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 55.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,050 shares of the bank's stock after selling 2,591 shares during the period. Tidal Investments LLC's holdings in Credicorp were worth $376,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerity Partners LLC lifted its stake in shares of Credicorp by 31.8% in the 4th quarter. Cerity Partners LLC now owns 4,045 shares of the bank's stock valued at $735,000 after acquiring an additional 977 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Credicorp by 4.2% in the 4th quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank's stock valued at $283,000 after acquiring an additional 62 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of Credicorp by 29.5% in the 4th quarter. Quantinno Capital Management LP now owns 2,996 shares of the bank's stock valued at $549,000 after acquiring an additional 682 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of Credicorp by 4.0% in the 4th quarter. Yousif Capital Management LLC now owns 3,489 shares of the bank's stock valued at $640,000 after acquiring an additional 135 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Credicorp by 19.8% in the 4th quarter. Asset Management One Co. Ltd. now owns 10,039 shares of the bank's stock valued at $1,818,000 after acquiring an additional 1,658 shares during the last quarter. Institutional investors own 89.81% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research 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. UBS Group raised Credicorp from a "buy" rating to a "strong-buy" rating and increased their target price for the stock from $221.00 to $257.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $211.00.
Read Our Latest Stock Report on Credicorp
Credicorp Stock Up 1.1%
BAP traded up $2.38 during trading on Tuesday, hitting $216.83. 558,826 shares of the company's stock traded hands, compared to its average volume of 265,282. The company's 50 day simple moving average is $194.99 and its two-hundred day simple moving average is $189.39. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. Credicorp Ltd. has a 12-month low of $153.27 and a 12-month high of $217.36. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.56 and a beta of 1.00.
Credicorp Increases Dividend
The company also recently declared an annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be issued a dividend of $10.9577 per share. This represents a dividend yield of 4.5%. This is a boost from Credicorp's previous annual dividend of $2.91. The ex-dividend date of this dividend is Monday, May 19th. Credicorp's dividend payout ratio is presently 58.95%.
About Credicorp
(
Free Report)
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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