Hantz Financial Services Inc. Reduces Holdings in Credicorp Ltd. (NYSE:BAP)

Hantz Financial Services Inc. trimmed its stake in shares of Credicorp Ltd. (NYSE:BAP) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,367 shares of the bank’s stock after selling 90 shares during the quarter. Hantz Financial Services Inc.’s holdings in Credicorp were worth $1,152,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Credicorp by 782.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock worth $240,138,000 after purchasing an additional 1,176,612 shares during the last quarter. Fiduciary Trust Co boosted its position in Credicorp by 12.5% during the 3rd quarter. Fiduciary Trust Co now owns 1,859 shares of the bank’s stock valued at $336,000 after buying an additional 206 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Credicorp by 1.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 157,661 shares of the bank’s stock valued at $28,532,000 after buying an additional 1,868 shares during the period. BNP Paribas Financial Markets grew its holdings in Credicorp by 6.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,550 shares of the bank’s stock worth $3,176,000 after acquiring an additional 1,105 shares during the last quarter. Finally, FMR LLC increased its position in shares of Credicorp by 6.1% in the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after acquiring an additional 199,137 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BAP has been the topic of several recent analyst reports. The Goldman Sachs Group raised their target price on Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. boosted their target price on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th.

Credicorp Stock Performance

Shares of BAP opened at $185.47 on Monday. Credicorp Ltd. has a 1-year low of $122.72 and a 1-year high of $200.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. The firm’s 50-day moving average price is $186.26 and its 200-day moving average price is $173.82.

Credicorp Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, October 18th. Shareholders 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 yield of 3.8%. Credicorp’s payout ratio is 53.30%.

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.