Credicorp Ltd. (NYSE:BAP) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 307.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 49,973 shares of the bank's stock after purchasing an additional 37,718 shares during the period. Fisher Asset Management LLC's holdings in Credicorp were worth $9,044,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BAP. Ninety One UK Ltd acquired a new position in Credicorp in the 2nd quarter valued at about $50,235,000. Baillie Gifford & Co. increased 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 purchasing an additional 294,596 shares during the period. Fourth Sail Capital LP acquired a new position in shares of Credicorp in the second quarter valued at approximately $44,156,000. Driehaus Capital Management LLC raised its stake in shares of Credicorp by 78.8% during the second quarter. Driehaus Capital Management LLC now owns 358,784 shares of the bank's stock worth $57,883,000 after purchasing an additional 158,175 shares during the last quarter. Finally, Carrhae Capital LLP acquired a new stake in shares of Credicorp during the third quarter worth $27,974,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Price Performance

BAP stock traded down $5.82 on Friday, reaching $185.47. 399,766 shares of the company's stock were exchanged, compared to its average volume of 231,227. The stock has a fifty day moving average of $186.26 and a 200-day moving average of $173.79. 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 twelve month low of $122.72 and a twelve month high of $200.00.

Credicorp Cuts Dividend

The business also recently disclosed 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. This represents a yield of 3.8%. The ex-dividend date was Monday, September 23rd. Credicorp's dividend payout ratio is currently 53.30%.

Analyst Ratings Changes

Several brokerages have issued reports on BAP. JPMorgan Chase & Co. boosted their price objective on shares of Credicorp from $200.00 to $219.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. The Goldman Sachs Group boosted their price target 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 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.