Charles Schwab Investment Management Inc. Trims Stake in Credicorp Ltd. (NYSE:BAP)

Charles Schwab Investment Management Inc. cut its stake in Credicorp Ltd. (NYSE:BAP - Free Report) by 31.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,971 shares of the bank's stock after selling 16,666 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Credicorp were worth $6,691,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BAP. Ritholtz Wealth Management raised its stake in shares of Credicorp by 95.4% during the third quarter. Ritholtz Wealth Management now owns 6,977 shares of the bank's stock worth $1,263,000 after acquiring an additional 3,406 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Credicorp during the 3rd quarter valued at $1,737,000. MBB Public Markets I LLC purchased a new position in Credicorp in the 2nd quarter worth $770,000. Blue Trust Inc. raised its position in Credicorp by 29.0% in the 2nd quarter. Blue Trust Inc. now owns 1,355 shares of the bank's stock worth $229,000 after purchasing an additional 305 shares during the period. Finally, Carrhae Capital LLP bought a new stake in Credicorp in the third quarter worth $27,974,000. Institutional investors own 89.81% of the company's stock.

Credicorp Trading Down 0.8 %

BAP traded down $1.51 during trading on Thursday, hitting $193.66. 183,511 shares of the stock traded hands, compared to its average volume of 233,903. The firm has a 50-day moving average of $188.16 and a 200 day moving average of $175.23. Credicorp Ltd. has a 12-month low of $124.51 and a 12-month high of $200.00. The firm has a market capitalization of $15.40 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 0.65 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07.

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 issued a dividend of $2.9084 per share. The ex-dividend date was Monday, September 23rd. This represents a yield of 3.8%. Credicorp's dividend payout ratio is presently 53.24%.

Analysts Set New Price Targets

Several research firms have recently commented on BAP. JPMorgan Chase & Co. lifted their price objective on Credicorp from $200.00 to $219.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. The Goldman Sachs Group lifted their price target on Credicorp from $143.00 to $160.00 and gave the stock a "sell" rating in a research note on Tuesday, October 8th.

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.