Barclays PLC Raises Stock Position in Credicorp Ltd. (NYSE:BAP)

Barclays PLC raised its stake in shares of Credicorp Ltd. (NYSE:BAP) by 3.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 218,733 shares of the bank’s stock after acquiring an additional 6,988 shares during the quarter. Barclays PLC’s holdings in Credicorp were worth $39,584,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BAP. Ritholtz Wealth Management boosted its stake in shares of Credicorp by 95.4% in the third quarter. Ritholtz Wealth Management now owns 6,977 shares of the bank’s stock worth $1,263,000 after acquiring an additional 3,406 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in Credicorp during the 3rd quarter worth $1,737,000. MBB Public Markets I LLC purchased a new stake in shares of Credicorp during the second quarter worth $770,000. Blue Trust Inc. raised its position in shares of Credicorp by 29.0% in the second quarter. Blue Trust Inc. now owns 1,355 shares of the bank’s stock valued at $229,000 after buying an additional 305 shares during the last quarter. Finally, Carrhae Capital LLP purchased a new position in shares of Credicorp in the third quarter worth about $27,974,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BAP. The Goldman Sachs Group upped their price objective on shares of Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. upped their price target on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th.

Credicorp Trading Down 1.2 %

Shares of BAP opened at $192.80 on Friday. 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 firm has a 50-day moving average price of $188.16 and a 200 day moving average price of $175.23. Credicorp Ltd. has a 12-month low of $124.51 and a 12-month high of $200.00. The firm has a market capitalization of $15.33 billion, a P/E ratio of 11.06, a P/E/G ratio of 0.65 and a beta of 1.13.

Credicorp Cuts Dividend

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

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.