Public Sector Pension Investment Board Sells 800 Shares of Credicorp Ltd. (NYSE:BAP)

Public Sector Pension Investment Board decreased its holdings in Credicorp Ltd. (NYSE:BAP) by 0.4% in the third quarter, Holdings Channel reports. The fund owned 189,083 shares of the bank’s stock after selling 800 shares during the quarter. Public Sector Pension Investment Board’s holdings in Credicorp were worth $34,218,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Brown Brothers Harriman & Co. purchased a new stake in Credicorp during the third quarter valued at approximately $58,000. Headlands Technologies LLC bought a new position in shares of Credicorp during the 2nd quarter valued at approximately $84,000. Atlas Capital Advisors LLC raised its holdings in Credicorp by 14.9% during the 2nd 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 period. Sanctuary Advisors LLC purchased a new stake in Credicorp during the 2nd quarter valued at $210,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in Credicorp in the third quarter worth $216,000. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

BAP has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price 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. increased their price objective on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th.

Credicorp Stock Performance

Shares of Credicorp stock opened at $191.29 on Thursday. Credicorp Ltd. has a 52 week low of $122.72 and a 52 week high of $200.00. The company has a market capitalization of $15.21 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 0.65 and a beta of 1.14. The stock’s fifty day moving average is $185.91 and its two-hundred day moving average is $173.57. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66.

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 paid a $2.9084 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend was Monday, September 23rd. Credicorp’s dividend payout ratio is presently 53.24%.

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.