Wellington Management Group LLP Raises Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Wellington Management Group LLP boosted its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,994 shares of the bank's stock after purchasing an additional 32,645 shares during the period. Wellington Management Group LLP owned 0.25% of Credicorp worth $37,030,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in Credicorp by 5.7% in 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 in the last quarter. Itau Unibanco Holding S.A. grew its position 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 valued at $290,920,000 after buying an additional 1,217,368 shares during the last quarter. Ninety One UK Ltd grew its position in shares of Credicorp by 4.7% in the 4th 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 grew its position in shares of Credicorp by 5.2% in the 4th 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 grew its position in shares of Credicorp by 0.9% in the 4th quarter. ARGA Investment Management LP now owns 794,587 shares of the bank's stock valued at $145,664,000 after buying an additional 6,864 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen lowered Credicorp from a "buy" rating to a "hold" rating in a research report on Sunday. UBS Group upped their price target on Credicorp from $221.00 to $257.00 and gave the company a "buy" rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Credicorp presently has an average rating of "Hold" and an average target price of $211.00.

Credicorp Trading Up 1.2%

Shares of Credicorp stock traded up $2.57 on Monday, hitting $214.38. 597,150 shares of the company's stock traded hands, compared to its average volume of 263,961. Credicorp Ltd. has a one year low of $153.27 and a one year high of $215.64. 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 fifty day moving average of $194.02 and a two-hundred day moving average of $189.05. The company has a market capitalization of $17.05 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00.

Credicorp Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be given a dividend of $10.9577 per share. This is a positive change 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.