Shell Asset Management Co. Boosts Position in Credicorp Ltd. (BAP)

Shell Asset Management Co. increased its stake in Credicorp Ltd. (NYSE:BAP) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,523 shares of the bank’s stock after purchasing an additional 560 shares during the quarter. Shell Asset Management Co.’s holdings in Credicorp were worth $7,564,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Parametrica Management Ltd raised its holdings in shares of Credicorp by 2.5% in the 1st quarter. Parametrica Management Ltd now owns 2,055 shares of the bank’s stock worth $493,000 after purchasing an additional 50 shares during the period. Comerica Bank raised its holdings in Credicorp by 1.1% during the 4th quarter. Comerica Bank now owns 4,791 shares of the bank’s stock valued at $1,148,000 after acquiring an additional 51 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its holdings in Credicorp by 0.4% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,016 shares of the bank’s stock valued at $3,328,000 after acquiring an additional 63 shares during the period. Parallel Advisors LLC raised its holdings in Credicorp by 24.2% during the 1st quarter. Parallel Advisors LLC now owns 328 shares of the bank’s stock valued at $79,000 after acquiring an additional 64 shares during the period. Finally, Jennison Associates LLC raised its holdings in Credicorp by 1.9% during the 4th quarter. Jennison Associates LLC now owns 3,790 shares of the bank’s stock valued at $840,000 after acquiring an additional 72 shares during the period. 66.91% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on BAP shares. ValuEngine cut shares of Credicorp from a “buy” rating to a “hold” rating in a report on Friday, February 8th. JPMorgan Chase & Co. cut shares of Credicorp from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $232.00 to $240.00 in a report on Monday, February 11th. Bank of America cut shares of Credicorp from a “neutral” rating to an “underperform” rating in a report on Monday, February 11th. Zacks Investment Research cut shares of Credicorp from a “hold” rating to a “strong sell” rating in a report on Monday, February 11th. Finally, Citigroup cut shares of Credicorp from a “buy” rating to a “neutral” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $254.50.

BAP stock traded down $1.21 during midday trading on Friday, reaching $222.55. 2,300 shares of the company’s stock traded hands, compared to its average volume of 312,671. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.13 and a quick ratio of 1.13. Credicorp Ltd. has a 52 week low of $207.41 and a 52 week high of $252.49. The stock has a market capitalization of $17.86 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 1.05 and a beta of 0.73.

The company also recently declared a dividend, which was paid on Friday, May 10th. Stockholders of record on Tuesday, April 16th were issued a $20.00 dividend. The ex-dividend date was Monday, April 15th. This is a boost from Credicorp’s previous dividend of $14.17. Credicorp’s dividend payout ratio is presently 40.73%.

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About Credicorp

Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.

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Institutional Ownership by Quarter for Credicorp (NYSE:BAP)

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