Fmr LLC Purchases 199,137 Shares of Credicorp Ltd. (NYSE:BAP)

Fmr LLC raised its position in Credicorp Ltd. (NYSE:BAP) by 6.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,446,621 shares of the bank’s stock after acquiring an additional 199,137 shares during the period. Fmr LLC’s holdings in Credicorp were worth $623,735,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of BAP. Brown Brothers Harriman & Co. bought a new stake in shares of Credicorp in the third quarter worth $58,000. Headlands Technologies LLC acquired a new stake in Credicorp in the 2nd quarter valued at $84,000. Atlas Capital Advisors LLC lifted its position in Credicorp by 14.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after buying an additional 89 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Credicorp during the 2nd quarter worth about $210,000. Finally, Dynamic Advisor Solutions LLC bought a new position in Credicorp in the third quarter valued at approximately $216,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

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

Credicorp Stock Performance

BAP opened at $191.29 on Friday. 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 Ltd. has a 12-month low of $122.72 and a 12-month high of $200.00. The business has a 50 day moving average of $186.14 and a 200-day moving average of $173.69. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.65 and a beta of 1.14.

Credicorp Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 23rd were issued 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 is 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.