Findlay Park Partners LLP trimmed its stake in Credicorp Ltd. (NYSE:BAP) by 13.4% in the 1st quarter, HoldingsChannel reports. The fund owned 98,012 shares of the bank’s stock after selling 15,104 shares during the quarter. Findlay Park Partners LLP’s holdings in Credicorp were worth $22,254,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. USA Financial Portformulas Corp bought a new position in shares of Credicorp in the 4th quarter worth $450,000. Itau Unibanco Holding S.A. raised its position in shares of Credicorp by 29.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 46,486 shares of the bank’s stock worth $9,643,000 after acquiring an additional 10,700 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Credicorp by 39.9% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,400 shares of the bank’s stock worth $4,439,000 after acquiring an additional 6,100 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Credicorp by 13.4% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 18,598 shares of the bank’s stock worth $3,857,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Bailard Inc. increased its position in Credicorp by 265.0% during the 4th quarter. Bailard Inc. now owns 10,037 shares of the bank’s stock valued at $2,082,000 after buying an additional 7,287 shares in the last quarter. 66.40% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on BAP. Citigroup raised Credicorp from a “neutral” rating to a “buy” rating in a research report on Thursday, April 5th. Zacks Investment Research lowered Credicorp from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Finally, ValuEngine lowered Credicorp from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $239.00.
Shares of Credicorp opened at $221.43 on Monday, Marketbeat reports. Credicorp Ltd. has a 1 year low of $166.70 and a 1 year high of $239.54. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 1.00.
The firm also recently announced a dividend, which was paid on Friday, May 11th. Investors of record on Wednesday, April 18th were given a dividend of $14.1726 per share. The ex-dividend date of this dividend was Tuesday, April 17th. Credicorp’s dividend payout ratio is currently 27.89%.
Credicorp Ltd., through its banking and non-banking subsidiaries, provides a range of financial, insurance, and health services and products primarily in Peru and internationally. It operates through four segments: Banking, Insurance, Pension Funds, and Investment Banking. The company offers deposits, current accounts, loans, and credit facilities; and provides private pension fund management services to affiliated pensioners.
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