Teacher Retirement System of Texas Sells 13,005 Shares of Credicorp Ltd. (NYSE:BAP)

Teacher Retirement System of Texas lowered its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 36.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,351 shares of the bank's stock after selling 13,005 shares during the period. Teacher Retirement System of Texas' holdings in Credicorp were worth $3,351,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. CWM LLC boosted its position in Credicorp by 69.2% in the fourth quarter. CWM LLC now owns 225 shares of the bank's stock valued at $34,000 after buying an additional 92 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Credicorp by 24.3% during the 4th quarter. Signaturefd LLC now owns 746 shares of the bank's stock valued at $112,000 after acquiring an additional 146 shares in the last quarter. Quantbot Technologies LP bought a new stake in Credicorp during the 3rd quarter worth $136,000. Janiczek Wealth Management LLC grew its position in Credicorp by 25.2% during the 4th quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank's stock worth $146,000 after acquiring an additional 196 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Credicorp by 7.7% in the 4th quarter. Blue Trust Inc. now owns 1,396 shares of the bank's stock worth $209,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Credicorp Trading Up 1.9 %

Shares of BAP traded up $3.24 during mid-day trading on Wednesday, reaching $173.45. 185,430 shares of the company were exchanged, compared to its average volume of 241,064. The business has a 50 day simple moving average of $169.88 and a two-hundred day simple moving average of $153.36. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $13.79 billion, a PE ratio of 10.26, a PEG ratio of 0.57 and a beta of 1.12. Credicorp Ltd. has a 52 week low of $116.42 and a 52 week high of $180.21.

Credicorp Increases Dividend

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Credicorp from $190.00 to $194.00 and gave the stock an "overweight" rating in a report on Thursday, February 29th. UBS Group decreased their price target on shares of Credicorp from $192.00 to $190.00 and set a "buy" rating for the company in a research report on Monday, February 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $181.73.

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.