Credicorp Ltd. (NYSE:BAP) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Credicorp Ltd. (NYSE:BAP) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,177 shares of the bank’s stock after purchasing an additional 5,842 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Credicorp were worth $34,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of Credicorp during the second quarter valued at approximately $84,000. Atlas Capital Advisors LLC increased its position in Credicorp by 14.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after acquiring an additional 89 shares during the period. Sanctuary Advisors LLC bought a new stake in Credicorp during the 2nd quarter valued at $210,000. Dynamic Advisor Solutions LLC acquired a new position in Credicorp during the 3rd quarter worth $216,000. Finally, Tidal Investments LLC bought a new position in shares of Credicorp in the first quarter worth $223,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Up 2.0 %

Shares of NYSE BAP opened at $192.34 on Friday. Credicorp Ltd. has a 1 year low of $122.72 and a 1 year high of $193.25. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $182.87 and a two-hundred day moving average price of $172.22.

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 issued a dividend of $2.9084 per share. This represents a yield of 3.8%. The ex-dividend date was Monday, September 23rd. Credicorp’s payout ratio is currently 53.30%.

Analyst Ratings Changes

A number of brokerages recently weighed in on BAP. 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 note on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price target 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 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.