Barclays PLC Buys 6,988 Shares of Credicorp Ltd. (NYSE:BAP)

Barclays PLC increased its holdings in Credicorp Ltd. (NYSE:BAP - Free Report) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 218,733 shares of the bank's stock after purchasing an additional 6,988 shares during the period. Barclays PLC's holdings in Credicorp were worth $39,584,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. FMR LLC increased its holdings in shares of Credicorp by 6.1% in the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank's stock worth $623,735,000 after buying an additional 199,137 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Credicorp by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,042,882 shares of the bank's stock valued at $550,670,000 after acquiring an additional 13,868 shares during the last quarter. Baillie Gifford & Co. grew its position in Credicorp by 2.5% in the third quarter. Baillie Gifford & Co. now owns 1,674,261 shares of the bank's stock worth $302,991,000 after acquiring an additional 41,409 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Credicorp by 782.7% during 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 acquiring an additional 1,176,612 shares during the last quarter. Finally, State Street Corp raised its position in Credicorp by 2.0% during the third quarter. State Street Corp now owns 1,123,023 shares of the bank's stock valued at $207,235,000 after purchasing an additional 21,943 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. 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 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 note on Tuesday, October 8th.

Credicorp Stock Down 1.6 %

NYSE BAP traded down $3.14 during trading on Friday, hitting $189.64. The stock had a trading volume of 210,919 shares, compared to its average volume of 234,467. Credicorp Ltd. has a one year low of $132.19 and a one year high of $200.00. The stock has a 50 day simple moving average of $188.39 and a 200 day simple moving average of $175.36. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66.

Credicorp Cuts Dividend

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