Credicorp (NYSE:BAP) Upgraded to Strong-Buy at UBS Group

UBS Group upgraded shares of Credicorp (NYSE:BAP - Free Report) from a buy rating to a strong-buy rating in a research note released on Monday morning, Marketbeat.com reports. UBS Group currently has $257.00 target price on the bank's stock, up from their previous target price of $221.00.

Separately, Wall Street Zen lowered Credicorp from a "buy" rating to a "hold" rating in a research note on Sunday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $211.00.

Credicorp Trading Down 1.6%

Shares of Credicorp stock traded down $3.48 during trading on Monday, hitting $213.42. The company's stock had a trading volume of 796,534 shares, compared to its average volume of 314,299. The stock has a market cap of $16.97 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. Credicorp has a 52 week low of $153.27 and a 52 week high of $220.35. The stock has a 50-day moving average price of $194.99 and a two-hundred day moving average price of $189.39. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07.

Credicorp Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be given a $10.9577 dividend. The ex-dividend date is Monday, May 19th. This is a positive change from Credicorp's previous annual dividend of $2.91. This represents a dividend yield of 4.5%. Credicorp's dividend payout ratio (DPR) is 58.95%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC increased its holdings in Credicorp by 5.7% in the fourth 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. Massachusetts Financial Services Co. MA increased its stake in shares of Credicorp by 0.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,032,656 shares of the bank's stock valued at $564,559,000 after acquiring an additional 7,692 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Credicorp by 243.8% during 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 acquiring an additional 1,217,368 shares during the period. Royal Bank of Canada lifted its position in shares of Credicorp by 0.9% during the 1st quarter. Royal Bank of Canada now owns 1,695,980 shares of the bank's stock valued at $315,724,000 after acquiring an additional 14,852 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Credicorp by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,343,531 shares of the bank's stock worth $250,112,000 after acquiring an additional 13,592 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

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.