SG Americas Securities LLC reduced its position in shares of Credicorp Ltd. (NYSE:BAP – Get Rating) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,558 shares of the bank’s stock after selling 210 shares during the period. SG Americas Securities LLC’s holdings in Credicorp were worth $440,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. increased its position in shares of Credicorp by 828.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,140,583 shares of the bank’s stock valued at $136,823,000 after acquiring an additional 1,017,670 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Credicorp by 3,308.8% during the fourth quarter. Schroder Investment Management Group now owns 962,734 shares of the bank’s stock valued at $117,521,000 after acquiring an additional 934,491 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Credicorp by 40.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,896,911 shares of the bank’s stock valued at $353,628,000 after acquiring an additional 834,740 shares during the last quarter. Capital International Investors increased its position in shares of Credicorp by 5,635.5% during the fourth quarter. Capital International Investors now owns 493,714 shares of the bank’s stock valued at $60,268,000 after acquiring an additional 485,106 shares during the last quarter. Finally, Oaktree Capital Management LP acquired a new stake in shares of Credicorp during the fourth quarter valued at about $40,079,000.
Credicorp Trading Up 1.3 %
Shares of BAP stock opened at $131.65 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $10.50 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 0.37 and a beta of 0.91. The company has a 50 day moving average price of $126.89 and a 200 day moving average price of $141.38. Credicorp Ltd. has a fifty-two week low of $88.67 and a fifty-two week high of $182.11.
Credicorp Cuts Dividend
The company also recently declared an annual dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 20th were paid a $3.9382 dividend. The ex-dividend date of this dividend was Thursday, May 19th. This represents a yield of 0.9%. Credicorp’s dividend payout ratio is currently 39.00%.
Analyst Ratings Changes
Separately, Credit Suisse Group upgraded shares of Credicorp from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $151.32 to $142.00 in a report on Tuesday, July 19th.
Credicorp Company Profile
Credicorp Ltd., a financial service holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.
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