Fmr LLC Grows Stock Holdings in Credicorp Ltd. (NYSE:BAP)

FMR LLC boosted its position in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 6.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,446,621 shares of the bank's stock after purchasing an additional 199,137 shares during the period. FMR LLC's holdings in Credicorp were worth $623,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BAP. M&G Plc increased its position in shares of Credicorp by 39.2% during the 2nd quarter. M&G Plc now owns 33,329 shares of the bank's stock worth $5,366,000 after purchasing an additional 9,383 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Credicorp by 95.4% during the third quarter. Ritholtz Wealth Management now owns 6,977 shares of the bank's stock valued at $1,263,000 after acquiring an additional 3,406 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Credicorp by 1.4% during the first quarter. Vanguard Group Inc. now owns 753,205 shares of the bank's stock valued at $127,616,000 after acquiring an additional 10,527 shares during the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Credicorp in the 3rd quarter valued at approximately $1,737,000. Finally, MBB Public Markets I LLC acquired a new position in shares of Credicorp in the 2nd quarter worth approximately $770,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Stock Performance

Shares of BAP stock traded down $5.82 during trading on Friday, reaching $185.47. The company's stock had a trading volume of 399,768 shares, compared to its average volume of 231,227. Credicorp Ltd. has a 1-year low of $122.72 and a 1-year 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. The stock's 50-day moving average price is $186.14 and its 200 day moving average price is $173.69.

Credicorp Cuts Dividend

The business also recently announced an annual dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 23rd were issued a $2.9084 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a yield of 3.8%. Credicorp's dividend payout ratio (DPR) is presently 53.30%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Credicorp from $200.00 to $219.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. The Goldman Sachs Group boosted their price objective on Credicorp from $143.00 to $160.00 and gave the company a "sell" rating in a report 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.