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

Fmr LLC boosted its position in Credicorp Ltd. (NYSE:BAP) by 6.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,446,621 shares of the bank’s stock after purchasing an additional 199,137 shares during the quarter. Fmr LLC’s holdings in Credicorp were worth $623,735,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ninety One UK Ltd bought a new stake in Credicorp in the 2nd quarter valued at about $50,235,000. Baillie Gifford & Co. raised its position in shares of Credicorp by 22.0% in the second quarter. Baillie Gifford & Co. now owns 1,632,852 shares of the bank’s stock valued at $263,428,000 after buying an additional 294,596 shares in the last quarter. Fourth Sail Capital LP bought a new stake in shares of Credicorp in the second quarter valued at approximately $44,156,000. Driehaus Capital Management LLC grew its position in Credicorp by 78.8% during the second quarter. Driehaus Capital Management LLC now owns 358,784 shares of the bank’s stock worth $57,883,000 after buying an additional 158,175 shares in the last quarter. Finally, Carrhae Capital LLP bought a new position in Credicorp during the 3rd quarter worth $27,974,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Credicorp Stock Performance

Shares of NYSE:BAP opened at $191.29 on Friday. The company’s 50 day simple moving average is $186.14 and its 200 day simple moving average is $173.69. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. Credicorp Ltd. has a 1 year low of $122.72 and a 1 year high of $200.00. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.65 and a beta of 1.14.

Credicorp Cuts Dividend

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