Wall Street Zen upgraded shares of Credicorp (NYSE:BAP - Free Report) from a hold rating to a buy rating in a research report report published on Saturday morning.
Credicorp Trading Up 1.7%
Shares of NYSE BAP traded up $3.47 during trading hours on Friday, hitting $207.71. 323,659 shares of the company traded hands, compared to its average volume of 259,914. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 0.56 and a beta of 1.00. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The company's 50 day moving average price is $192.80 and its 200 day moving average price is $188.42. Credicorp has a 12 month low of $153.27 and a 12 month high of $210.71.
Credicorp Increases Dividend
The firm also recently disclosed an annual dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be issued a dividend of $10.9577 per share. The ex-dividend date is Monday, May 19th. This represents a yield of 4.5%. This is a boost from Credicorp's previous annual dividend of $2.91. Credicorp's payout ratio is presently 58.95%.
Hedge Funds Weigh In On Credicorp
Large investors have recently bought and sold shares of the business. Park Avenue Securities LLC purchased a new position in Credicorp during the 4th quarter valued at $238,000. Cerity Partners LLC boosted its holdings in Credicorp by 31.8% during the 4th quarter. Cerity Partners LLC now owns 4,045 shares of the bank's stock valued at $735,000 after acquiring an additional 977 shares during the period. Atomi Financial Group Inc. boosted its holdings in Credicorp by 20.0% during the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank's stock valued at $286,000 after acquiring an additional 260 shares during the period. Sanctuary Advisors LLC boosted its holdings in Credicorp by 4.2% during the 4th quarter. Sanctuary Advisors LLC now owns 1,529 shares of the bank's stock valued at $283,000 after acquiring an additional 62 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in Credicorp by 29.5% during the 4th quarter. Quantinno Capital Management LP now owns 2,996 shares of the bank's stock valued at $549,000 after acquiring an additional 682 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.
About Credicorp
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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.
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