Swiss National Bank Sells 300 Shares of Credicorp Ltd. (NYSE:BAP)

Swiss National Bank reduced its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 0.2% during the third quarter, Holdings Channel reports. The fund owned 153,379 shares of the bank’s stock after selling 300 shares during the period. Swiss National Bank’s holdings in Credicorp were worth $27,757,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BAP. Massachusetts Financial Services Co. MA grew its holdings in shares of Credicorp by 0.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,029,014 shares of the bank’s stock valued at $488,671,000 after purchasing an additional 25,972 shares during the last quarter. Baillie Gifford & Co. boosted its position in Credicorp by 2.5% during the third quarter. Baillie Gifford & Co. now owns 1,674,261 shares of the bank’s stock valued at $302,991,000 after buying an additional 41,409 shares during the period. Vanguard Group Inc. grew its stake in shares of Credicorp by 1.4% during the first quarter. Vanguard Group Inc. now owns 753,205 shares of the bank’s stock valued at $127,616,000 after buying an additional 10,527 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in shares of Credicorp by 78.8% in 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 during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Credicorp by 8.0% in the 3rd quarter. Principal Financial Group Inc. now owns 347,083 shares of the bank’s stock valued at $62,812,000 after acquiring an additional 25,742 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Up 3.0 %

Credicorp stock opened at $198.65 on Friday. Credicorp Ltd. has a 1-year low of $122.72 and a 1-year 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. The firm has a 50-day moving average of $184.55 and a 200-day moving average of $173.01.

Credicorp Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 23rd were given a $2.9084 dividend. The ex-dividend date was Monday, September 23rd. This represents a dividend yield of 3.8%. Credicorp’s dividend payout ratio is currently 53.30%.

Analysts Set New Price Targets

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

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.