Voloridge Investment Management LLC lifted its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 98,806 shares of the bank's stock after purchasing an additional 4,597 shares during the quarter. Voloridge Investment Management LLC owned 0.12% of Credicorp worth $18,113,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in BAP. Itau Unibanco Holding S.A. grew its holdings in shares of Credicorp by 243.8% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank's stock worth $290,920,000 after purchasing an additional 1,217,368 shares during the last quarter. Norges Bank bought a new stake in shares of Credicorp in the 4th quarter worth about $84,213,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Credicorp by 59.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 757,271 shares of the bank's stock worth $138,824,000 after purchasing an additional 282,869 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Credicorp by 130.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 494,526 shares of the bank's stock worth $90,657,000 after purchasing an additional 280,361 shares during the last quarter. Finally, GQG Partners LLC bought a new stake in Credicorp during the 4th quarter worth about $40,187,000. Institutional investors own 89.81% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Credicorp from a "hold" rating to a "buy" rating in a report on Saturday.
Get Our Latest Analysis on Credicorp
Credicorp Trading Up 0.0%
Credicorp stock traded up $0.01 during trading hours on Wednesday, reaching $207.69. 65,054 shares of the company's stock traded hands, compared to its average volume of 259,151. The firm has a market capitalization of $16.52 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 0.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.07 and a current ratio of 1.02. Credicorp Ltd. has a fifty-two week low of $153.27 and a fifty-two week high of $210.71. The firm's 50 day moving average is $193.07 and its 200-day moving average is $188.55.
Credicorp Increases Dividend
The firm also recently announced 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 represents a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, May 19th. This is a positive change from Credicorp's previous annual dividend of $2.91. Credicorp's dividend payout ratio (DPR) is 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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