Credicorp Ltd. (NYSE:BAP) Shares Purchased by Polaris Capital Management LLC

Polaris Capital Management LLC boosted its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 272.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,700 shares of the bank's stock after purchasing an additional 4,900 shares during the quarter. Polaris Capital Management LLC's holdings in Credicorp were worth $1,005,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in shares of Credicorp by 9.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 70,212 shares of the bank's stock valued at $10,527,000 after buying an additional 6,301 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its position in Credicorp by 19.6% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 3,330 shares of the bank's stock valued at $499,000 after purchasing an additional 545 shares during the period. LSV Asset Management raised its position in Credicorp by 121.4% during the fourth quarter. LSV Asset Management now owns 9,300 shares of the bank's stock valued at $1,394,000 after purchasing an additional 5,100 shares during the period. Natixis Advisors L.P. lifted its stake in shares of Credicorp by 15.2% in the 4th quarter. Natixis Advisors L.P. now owns 14,178 shares of the bank's stock valued at $2,125,000 after purchasing an additional 1,872 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Credicorp by 32.6% in the 4th quarter. Fisher Asset Management LLC now owns 11,757 shares of the bank's stock worth $1,763,000 after purchasing an additional 2,889 shares during the period. Institutional investors own 89.81% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BAP. JPMorgan Chase & Co. raised their price target on Credicorp from $190.00 to $194.00 and gave the stock an "overweight" rating in a research report on Thursday, February 29th. UBS Group lowered their target price on shares of Credicorp from $192.00 to $190.00 and set a "buy" rating for the company in a report on Monday, February 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $181.73.

Credicorp Trading Down 0.6 %

Shares of BAP stock traded down $1.08 on Friday, reaching $174.92. 712,187 shares of the company's stock were exchanged, compared to its average volume of 240,719. The company's fifty day simple moving average is $169.96 and its 200 day simple moving average is $152.57. Credicorp Ltd. has a 52 week low of $116.42 and a 52 week high of $180.21. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $13.91 billion, a PE ratio of 10.38, a P/E/G ratio of 0.59 and a beta of 1.12.

Credicorp (NYSE:BAP - Get Free Report) last released its earnings results on Thursday, February 8th. The bank reported $2.80 earnings per share for the quarter, missing analysts' consensus estimates of $2.82 by ($0.02). The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.32 billion. Credicorp had a return on equity of 14.68% and a net margin of 20.17%. As a group, analysts forecast that Credicorp Ltd. will post 18.67 EPS for the current year.

Credicorp Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 20th will be paid a $9.4084 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend is Friday, May 17th. This is an increase from Credicorp's previous annual dividend of $6.74. Credicorp's dividend payout ratio (DPR) is currently 40.18%.

Credicorp Company 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.