Natixis Advisors LLC Sells 270 Shares of Credicorp Ltd. (NYSE:BAP)

Natixis Advisors LLC lowered its holdings in Credicorp Ltd. (NYSE:BAP) by 1.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,052 shares of the bank’s stock after selling 270 shares during the quarter. Natixis Advisors LLC’s holdings in Credicorp were worth $2,543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Credicorp by 1.4% during the first quarter. Vanguard Group Inc. now owns 753,205 shares of the bank’s stock worth $127,616,000 after acquiring an additional 10,527 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Credicorp by 81.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,598 shares of the bank’s stock valued at $440,000 after acquiring an additional 1,170 shares in the last quarter. Dynasty Wealth Management LLC purchased a new stake in shares of Credicorp during the first quarter valued at approximately $384,000. Tidal Investments LLC purchased a new stake in shares of Credicorp during the first quarter valued at approximately $223,000. Finally, LBP AM SA lifted its holdings in Credicorp by 14.2% during the first quarter. LBP AM SA now owns 2,249 shares of the bank’s stock worth $381,000 after acquiring an additional 279 shares during the period. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Down 0.7 %

NYSE:BAP opened at $197.32 on Monday. Credicorp Ltd. has a 1 year low of $122.72 and a 1 year high of $200.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. The business has a fifty day simple moving average of $184.99 and a two-hundred day simple moving average of $173.20.

Credicorp Cuts Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on BAP shares. The Goldman Sachs Group upped their price objective on 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. lifted their price objective 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.