Credicorp Ltd. (NYSE:BAP) is Fourth Sail Capital LP’s 4th Largest Position

Fourth Sail Capital LP cut its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 49.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,356 shares of the bank’s stock after selling 135,344 shares during the quarter. Credicorp makes up approximately 6.3% of Fourth Sail Capital LP’s portfolio, making the stock its 4th largest holding. Fourth Sail Capital LP owned 0.17% of Credicorp worth $25,038,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Headlands Technologies LLC bought a new position in shares of Credicorp in the second quarter valued at approximately $84,000. Atlas Capital Advisors LLC increased its stake in Credicorp by 14.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after acquiring an additional 89 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of Credicorp during the 3rd quarter valued at about $216,000. Sanctuary Advisors LLC purchased a new position in shares of Credicorp during the second quarter worth about $210,000. Finally, Atomi Financial Group Inc. purchased a new stake in Credicorp in the third quarter valued at approximately $236,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BAP. The Goldman Sachs Group lifted their price objective on shares of Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their target price on Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th.

Credicorp Stock Performance

Shares of BAP stock opened at $192.34 on Monday. The company’s fifty day moving average price is $182.87 and its 200-day moving average price is $172.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.02 and a current ratio of 1.07. Credicorp Ltd. has a 12 month low of $122.72 and a 12 month high of $193.25.

Credicorp Cuts Dividend

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

Credicorp Profile

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.