Credicorp (NYSE:BAP) Hits New 1-Year High - What's Next?

Credicorp Ltd. (NYSE:BAP - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $193.79 and last traded at $193.79, with a volume of 3244 shares changing hands. The stock had previously closed at $192.34.

Analyst Ratings Changes

A number of analysts have recently weighed in on BAP shares. JPMorgan Chase & Co. raised their price target on shares of Credicorp from $200.00 to $219.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 12th. 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 report on Tuesday, October 8th.

Credicorp Stock Up 0.4 %

The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $15.36 billion, a P/E ratio of 11.16, a PEG ratio of 0.66 and a beta of 1.14. The firm has a 50-day moving average price of $182.87 and a two-hundred day moving average price of $172.32.

Credicorp Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, October 18th. Stockholders 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 is 53.24%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BAP. Orion Portfolio Solutions LLC increased its stake in shares of Credicorp by 10.5% in the first quarter. Orion Portfolio Solutions LLC now owns 6,782 shares of the bank's stock valued at $1,149,000 after buying an additional 647 shares in the last quarter. Vanguard Group Inc. increased its position in Credicorp by 1.4% in the first quarter. Vanguard Group Inc. now owns 753,205 shares of the bank's stock worth $127,616,000 after purchasing an additional 10,527 shares during the period. O Shaughnessy Asset Management LLC increased its position in Credicorp by 81.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,598 shares of the bank's stock worth $440,000 after purchasing an additional 1,170 shares during the period. Lazard Asset Management LLC increased its position in Credicorp by 16.4% in the first quarter. Lazard Asset Management LLC now owns 121,292 shares of the bank's stock worth $20,550,000 after purchasing an additional 17,103 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in Credicorp in the first quarter worth about $691,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

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.