Credicorp Ltd. (NYSE:BAP) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 83.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,767 shares of the bank's stock after purchasing an additional 2,629 shares during the period. Y Intercept Hong Kong Ltd's holdings in Credicorp were worth $1,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in BAP. Allianz Asset Management GmbH increased its position in shares of Credicorp by 87.7% during the first quarter. Allianz Asset Management GmbH now owns 76,021 shares of the bank's stock worth $14,152,000 after acquiring an additional 35,530 shares during the period. Carrhae Capital LLP increased its position in shares of Credicorp by 389.0% during the first quarter. Carrhae Capital LLP now owns 198,875 shares of the bank's stock worth $37,023,000 after acquiring an additional 158,206 shares during the period. Cullen Frost Bankers Inc. purchased a new position in shares of Credicorp during the first quarter worth approximately $40,000. Massachusetts Financial Services Co. MA increased its position in shares of Credicorp by 0.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,032,656 shares of the bank's stock worth $564,559,000 after acquiring an additional 7,692 shares during the period. Finally, MQS Management LLC purchased a new position in shares of Credicorp during the first quarter worth approximately $525,000. Institutional investors own 89.81% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BAP shares. UBS Group reissued a "buy" rating on shares of Credicorp in a report on Monday, June 2nd. The Goldman Sachs Group raised shares of Credicorp from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $174.00 to $225.00 in a report on Thursday. Finally, Wall Street Zen lowered shares of Credicorp from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Credicorp currently has an average rating of "Hold" and an average target price of $227.25.

Credicorp Stock Down 0.8%

BAP traded down $1.99 during trading on Friday, hitting $235.13. The stock had a trading volume of 144,421 shares, compared to its average volume of 318,162. The company has a market capitalization of $18.70 billion, a PE ratio of 12.79, a PEG ratio of 0.84 and a beta of 1.05. Credicorp Ltd. has a twelve month low of $153.27 and a twelve month high of $240.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day simple moving average of $218.43 and a two-hundred day simple moving average of $198.36.

Credicorp Increases Dividend

The business also recently disclosed 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 an increase from Credicorp's previous annual dividend of $2.91. This represents a dividend yield of 4.5%. The ex-dividend date was Monday, May 19th. Credicorp's payout ratio is presently 59.87%.

About Credicorp

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.