Credicorp Ltd. (NYSE:BAP) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its position in Credicorp Ltd. (NYSE:BAP - Free Report) by 2.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 169,349 shares of the bank's stock after selling 3,827 shares during the quarter. Wellington Management Group LLP's holdings in Credicorp were worth $30,647,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BAP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in 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 in the last quarter. Ninety One UK Ltd purchased a new stake in Credicorp in the second quarter valued at approximately $50,235,000. Baillie Gifford & Co. boosted its position in 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 buying an additional 294,596 shares during the last quarter. Fourth Sail Capital LP purchased a new stake in Credicorp in the second quarter valued at approximately $44,156,000. Finally, FMR LLC boosted its position in 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 buying an additional 199,137 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Credicorp Stock Performance

Credicorp stock traded down $2.02 during mid-day trading on Friday, hitting $190.76. The company had a trading volume of 112,440 shares, compared to its average volume of 234,050. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The company's fifty day moving average is $188.39 and its 200-day moving average is $175.36. Credicorp Ltd. has a 12-month low of $132.19 and a 12-month high of $200.00.

Credicorp Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Friday, October 18th. Stockholders 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 payout ratio is 53.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. The Goldman Sachs Group upped their target price on Credicorp from $143.00 to $160.00 and gave the company a "sell" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. upped their price objective on Credicorp from $200.00 to $219.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 12th.

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.