Credicorp Ltd. (NYSE:BAP) Shares Bought by State Street Corp

State Street Corp grew its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 2.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,123,023 shares of the bank's stock after acquiring an additional 21,943 shares during the period. State Street Corp's holdings in Credicorp were worth $207,235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Credicorp by 782.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank's stock valued at $240,138,000 after purchasing an additional 1,176,612 shares in the last quarter. Ninety One UK Ltd purchased a new position in shares of Credicorp during the second quarter valued at $50,235,000. Baillie Gifford & Co. raised its holdings in shares of Credicorp by 22.0% in the second quarter. Baillie Gifford & Co. now owns 1,632,852 shares of the bank's stock valued at $263,428,000 after acquiring an additional 294,596 shares in the last quarter. Fourth Sail Capital LP purchased a new stake in Credicorp in the second quarter worth about $44,156,000. Finally, FMR LLC grew its holdings in Credicorp by 6.1% during the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank's stock worth $623,735,000 after acquiring an additional 199,137 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Wall Street Analyst Weigh In

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

Credicorp Trading Down 1.1 %

Shares of NYSE:BAP traded down $2.18 during trading on Friday, hitting $190.60. The stock had a trading volume of 104,472 shares, compared to its average volume of 234,019. The stock has a 50-day simple moving average of $188.39 and a two-hundred day simple moving average of $175.36. Credicorp Ltd. has a 12-month low of $132.19 and a 12-month high of $200.00. 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 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 $2.9084 dividend. The ex-dividend date was Monday, September 23rd. This represents a dividend yield of 3.8%. Credicorp's dividend payout ratio (DPR) is currently 53.30%.

Credicorp Company 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.