Credicorp (NYSE:BAP) Price Target Raised to $219.00 at JPMorgan Chase & Co.

Credicorp (NYSE:BAP) had its price target lifted by JPMorgan Chase & Co. from $200.00 to $219.00 in a research report released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the bank’s stock.

Separately, The Goldman Sachs Group upped 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.

Credicorp Trading Up 1.1 %

NYSE:BAP opened at $187.49 on Tuesday. The stock has a 50-day simple moving average of $181.49 and a two-hundred day simple moving average of $171.68. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.02 and a quick ratio of 1.02. Credicorp has a 52-week low of $116.42 and a 52-week high of $193.25.

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 paid a dividend of $2.9084 per share. The ex-dividend date was Monday, September 23rd. This represents a dividend yield of 3.8%. Credicorp’s dividend payout ratio is presently 53.30%.

Hedge Funds Weigh In On Credicorp

A number of large investors have recently added to or reduced their stakes in BAP. Massachusetts Financial Services Co. MA lifted its holdings in shares of Credicorp by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,042,882 shares of the bank’s stock valued at $550,670,000 after purchasing an additional 13,868 shares during the last quarter. Baillie Gifford & Co. boosted its position in Credicorp by 2.5% in the 3rd quarter. Baillie Gifford & Co. now owns 1,674,261 shares of the bank’s stock worth $302,991,000 after purchasing an additional 41,409 shares in the last quarter. Pzena Investment Management LLC grew its position in Credicorp by 9.8% during the third quarter. Pzena Investment Management LLC now owns 1,026,833 shares of the bank’s stock valued at $185,826,000 after buying an additional 91,877 shares during the period. Vanguard Group Inc. increased its stake in shares of Credicorp by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 753,205 shares of the bank’s stock valued at $127,616,000 after purchasing an additional 10,527 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its position in shares of 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 buying an additional 158,175 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

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.