Wasatch Advisors LP Boosts Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Wasatch Advisors LP raised its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 0.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 8,886 shares of the bank’s stock after purchasing an additional 65 shares during the period. Wasatch Advisors LP’s holdings in Credicorp were worth $1,608,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BAP. Tidal Investments LLC purchased a new position in Credicorp during the 1st quarter valued at about $223,000. DNB Asset Management AS increased its position in Credicorp by 11.3% during the 2nd quarter. DNB Asset Management AS now owns 29,720 shares of the bank’s stock valued at $4,795,000 after purchasing an additional 3,027 shares during the period. Simplicity Wealth LLC increased its position in Credicorp by 2.5% during the 2nd quarter. Simplicity Wealth LLC now owns 2,842 shares of the bank’s stock valued at $458,000 after purchasing an additional 70 shares during the period. M&G Plc increased its position in Credicorp by 39.2% during the 2nd quarter. M&G Plc now owns 33,329 shares of the bank’s stock valued at $5,366,000 after purchasing an additional 9,383 shares during the period. Finally, Deltec Asset Management LLC grew its position in shares of Credicorp by 6.3% in the 2nd quarter. Deltec Asset Management LLC now owns 8,400 shares of the bank’s stock worth $1,355,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Credicorp Price Performance

BAP stock opened at $185.47 on Monday. The firm has a 50 day moving average of $186.26 and a 200 day moving average of $173.82. 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 52 week low of $122.72 and a 52 week high of $200.00.

Credicorp Cuts Dividend

The business also recently announced an annual dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 23rd were paid a $2.9084 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend was Monday, September 23rd. Credicorp’s dividend payout ratio (DPR) is presently 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.