Credicorp Ltd. (NYSE:BAP) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in shares of Credicorp Ltd. (NYSE:BAP - Free Report) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,707 shares of the bank's stock after acquiring an additional 9,431 shares during the period. Robeco Institutional Asset Management B.V. owned 0.17% of Credicorp worth $24,378,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BAP. Massachusetts Financial Services Co. MA raised its stake in Credicorp by 0.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,029,014 shares of the bank's stock worth $488,671,000 after purchasing an additional 25,972 shares during the period. Baillie Gifford & Co. raised its position in shares of Credicorp by 22.0% in the 2nd quarter. Baillie Gifford & Co. now owns 1,632,852 shares of the bank's stock worth $263,428,000 after buying an additional 294,596 shares during the period. Vanguard Group Inc. raised its position in shares of Credicorp by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 753,205 shares of the bank's stock worth $127,616,000 after buying an additional 10,527 shares during the period. Driehaus Capital Management LLC boosted its holdings in Credicorp by 78.8% in the second quarter. Driehaus Capital Management LLC now owns 358,784 shares of the bank's stock valued at $57,883,000 after acquiring an additional 158,175 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in Credicorp by 13.9% during the second quarter. William Blair Investment Management LLC now owns 318,666 shares of the bank's stock valued at $51,410,000 after acquiring an additional 39,001 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lifted their price objective on Credicorp from $143.00 to $160.00 and gave the company a "sell" rating in a research note on Tuesday, October 8th.

Credicorp Trading Up 0.9 %

Shares of BAP stock traded up $1.61 during mid-day trading on Wednesday, reaching $183.40. The company's stock had a trading volume of 307,007 shares, compared to its average volume of 230,327. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $14.59 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 0.62 and a beta of 1.14. The company's 50 day simple moving average is $181.05 and its 200-day simple moving average is $171.32. Credicorp Ltd. has a 12-month low of $116.42 and a 12-month high of $193.25.

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

Credicorp Cuts Dividend

The business also recently declared an annual dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 23rd were given 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 dividend payout ratio (DPR) is presently 55.97%.

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.