9,596 Shares in Credicorp Ltd. (NYSE:BAP) Bought by CWA Asset Management Group LLC

CWA Asset Management Group LLC purchased a new stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,596 shares of the bank's stock, valued at approximately $1,737,000.

Several other large investors have also recently made changes to their positions in the business. Headlands Technologies LLC bought a new position in shares of Credicorp during the 2nd quarter valued at $84,000. Atlas Capital Advisors LLC grew its stake in shares of Credicorp by 14.9% during the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank's stock valued at $111,000 after buying an additional 89 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Credicorp in the second quarter worth about $210,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Credicorp in the 3rd quarter valued at about $216,000. Finally, Tidal Investments LLC purchased a new stake in Credicorp during the 1st quarter valued at about $223,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Trading Up 1.4 %

BAP stock traded up $2.60 on Friday, reaching $185.00. The company's stock had a trading volume of 279,806 shares, compared to its average volume of 194,625. The firm has a market cap of $14.71 billion, a PE ratio of 10.61, a PEG ratio of 0.62 and a beta of 1.14. The business has a fifty day simple moving average of $181.35 and a two-hundred day simple moving average of $171.54. Credicorp Ltd. has a 12-month low of $116.42 and a 12-month high of $193.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.02 and a current ratio of 1.02.

Credicorp (NYSE:BAP - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The bank reported $4.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.64 by ($0.15). The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.32 billion. Credicorp had a return on equity of 14.86% and a net margin of 19.31%. As a group, research analysts forecast that Credicorp Ltd. will post 18.81 EPS for the current year.

Credicorp Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 23rd were paid a dividend of $2.9084 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend was Monday, September 23rd. Credicorp's payout ratio is currently 53.24%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised their target price on shares of Credicorp from $143.00 to $160.00 and gave the stock a "sell" rating in a report on Tuesday, October 8th.

About Credicorp

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.