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

Barclays PLC increased its stake in shares of Credicorp Ltd. (NYSE:BAP) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,733 shares of the bank’s stock after purchasing an additional 6,988 shares during the quarter. Barclays PLC’s holdings in Credicorp were worth $39,584,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC raised its holdings in Credicorp by 6.1% in the third quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock worth $623,735,000 after purchasing an additional 199,137 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Credicorp by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,042,882 shares of the bank’s stock worth $550,670,000 after buying an additional 13,868 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of Credicorp by 2.5% during the 3rd quarter. Baillie Gifford & Co. now owns 1,674,261 shares of the bank’s stock worth $302,991,000 after acquiring an additional 41,409 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Credicorp by 782.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,326,947 shares of the bank’s stock valued at $240,138,000 after acquiring an additional 1,176,612 shares during the last quarter. Finally, State Street Corp boosted its stake in Credicorp by 2.0% in the third quarter. State Street Corp now owns 1,123,023 shares of the bank’s stock valued at $207,235,000 after acquiring an additional 21,943 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Credicorp Trading Down 1.2 %

Shares of Credicorp stock opened at $192.80 on Friday. The firm’s 50 day simple moving average is $188.16 and its two-hundred day simple moving average is $175.23. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.65 and a beta of 1.13. Credicorp Ltd. has a 12-month low of $124.51 and a 12-month high of $200.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66.

Credicorp Cuts Dividend

The company also recently announced an annual dividend, which was paid on Friday, October 18th. Investors of record on Monday, September 23rd were paid a $2.9084 dividend. The ex-dividend date was Monday, September 23rd. This represents a yield of 3.8%. Credicorp’s dividend payout ratio (DPR) is 53.24%.

Analysts Set New Price Targets

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

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.