USS Investment Management Ltd Takes $17.59 Million Position in Credicorp Ltd. (NYSE:BAP)

USS Investment Management Ltd bought a new position in Credicorp Ltd. (NYSE:BAP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 95,874 shares of the bank's stock, valued at approximately $17,591,000. USS Investment Management Ltd owned about 0.12% of Credicorp as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. FMR LLC raised its position in shares of Credicorp by 5.7% during the 4th quarter. FMR LLC now owns 3,642,818 shares of the bank's stock worth $667,801,000 after purchasing an additional 196,197 shares during the period. Itau Unibanco Holding S.A. increased its position in Credicorp by 243.8% in 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 during the period. Ninety One UK Ltd lifted its stake in Credicorp by 4.7% in the fourth quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank's stock valued at $199,697,000 after buying an additional 49,031 shares during the last quarter. Pzena Investment Management LLC lifted its stake in Credicorp by 5.2% in the fourth quarter. Pzena Investment Management LLC now owns 1,080,579 shares of the bank's stock valued at $198,092,000 after buying an additional 53,746 shares during the last quarter. Finally, ARGA Investment Management LP boosted its holdings in shares of Credicorp by 0.9% during the fourth quarter. ARGA Investment Management LP now owns 794,587 shares of the bank's stock valued at $145,664,000 after acquiring an additional 6,864 shares during the period. Institutional investors own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Credicorp from a "hold" rating to a "buy" rating in a report on Saturday.

Credicorp Stock Performance

BAP stock traded up $0.23 on Monday, reaching $204.65. The company's stock had a trading volume of 294,014 shares, compared to its average volume of 259,658. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $210.71. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. The company has a market capitalization of $16.28 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. The firm has a fifty day moving average of $192.56 and a two-hundred day moving average of $188.28.

Credicorp Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be paid a $10.9577 dividend. This is a boost from Credicorp's previous annual dividend of $2.91. The ex-dividend date is Monday, May 19th. This represents a dividend yield of 4.5%. Credicorp's dividend payout ratio is presently 58.95%.

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.