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.
Analysts Set New Price Targets
Separately, Credit Suisse Group upgraded shares of Credicorp from a "neutral" rating to an "outperform" rating and cut their price target for the company from $151.32 to $142.00 in a report on Tuesday, July 19th.
Credicorp Stock Up 1.5 %
BAP traded up $1.99 on Tuesday, reaching $138.29. 173,118 shares of the company traded hands, compared to its average volume of 452,494. The stock's 50 day moving average price is $126.75 and its 200-day moving average price is $141.43. Credicorp has a 52-week low of $88.67 and a 52-week high of $182.11. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 0.40 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.01 and a quick ratio of 1.01.
Credicorp Cuts Dividend
The business also recently disclosed an annual dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 20th were given a dividend of $3.9382 per share. This represents a yield of 0.9%. The ex-dividend date was Thursday, May 19th. Credicorp's payout ratio is presently 39.00%.