Credicorp Ltd., a financial service holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities. Its Insurance and Pensions segment issues insurance policies to cover losses in commercial property, transportation, marine vessels, automobile, life, health, and pensions, as well as provides private pension fund management services. The company's Microfinance segment manages loans, credits, deposits, and current accounts of the small and microenterprises. Its Investment Banking and Wealth Management segment offers its services to corporations, institutional investors, governments, and foundations; engages in structuring and placement of issues in the primary market, as well as the execution and negotiation of operations in the secondary market; and structures securitization processes for corporate customers and manages mutual funds. The company was founded in 1889 and is headquartered in Lima, Peru.
Wall Street Analysts Forecast Growth
Separately, Credit Suisse Group raised Credicorp from a "neutral" rating to an "outperform" rating and decreased their price objective for the company from $151.32 to $142.00 in a report on Tuesday, July 19th.
Credicorp Stock Down 2.3 %
Shares of NYSE:BAP opened at $138.63 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.63. Credicorp has a 1-year low of $88.67 and a 1-year high of $182.11. The company has a fifty day moving average price of $126.76 and a 200 day moving average price of $141.38.
Credicorp Cuts Dividend
The business also recently declared an annual dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 20th were issued a $3.9382 dividend. The ex-dividend date of this dividend was Thursday, May 19th. This represents a yield of 0.9%. Credicorp's dividend payout ratio is currently 39.00%.