BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $4.78 Million Stake in Credicorp Ltd. (NYSE:BAP)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 1.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,420 shares of the bank’s stock after selling 400 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Credicorp were worth $4,781,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wasatch Advisors LP boosted its position in Credicorp by 0.7% during the third quarter. Wasatch Advisors LP now owns 8,886 shares of the bank’s stock worth $1,608,000 after purchasing an additional 65 shares during the period. Simplicity Wealth LLC grew its stake in Credicorp by 2.5% in the 2nd quarter. Simplicity Wealth LLC now owns 2,842 shares of the bank’s stock valued at $458,000 after buying an additional 70 shares during the last quarter. Atlas Capital Advisors LLC grew its stake in Credicorp by 14.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after buying an additional 89 shares during the last quarter. Cerity Partners LLC raised its holdings in Credicorp by 3.8% in the 3rd quarter. Cerity Partners LLC now owns 3,068 shares of the bank’s stock valued at $555,000 after acquiring an additional 111 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its position in Credicorp by 4.3% during the second quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank’s stock worth $492,000 after acquiring an additional 126 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Credicorp Stock Up 2.9 %

Shares of Credicorp stock opened at $190.89 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. Credicorp Ltd. has a 12-month low of $122.72 and a 12-month high of $200.00. The firm’s 50-day moving average price is $186.56 and its two-hundred day moving average price is $173.95.

Credicorp Cuts Dividend

The company also recently declared an annual dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 23rd were given a dividend of $2.9084 per share. The ex-dividend date was Monday, September 23rd. This represents a dividend yield of 3.8%. Credicorp’s dividend payout ratio is 53.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group increased their price objective on Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th.

About Credicorp

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.