Credicorp Ltd. (NYSE:BAP) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its holdings in Credicorp Ltd. (NYSE:BAP) by 25.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 205,973 shares of the bank’s stock after acquiring an additional 41,341 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Credicorp were worth $38,344,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Itau Unibanco Holding S.A. increased its position in shares of Credicorp by 243.8% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,716,777 shares of the bank’s stock valued at $290,920,000 after buying an additional 1,217,368 shares in the last quarter. Norges Bank purchased a new position in shares of Credicorp in the fourth quarter valued at $84,213,000. Price T Rowe Associates Inc. MD increased its position in shares of Credicorp by 59.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 757,271 shares of the bank’s stock valued at $138,824,000 after buying an additional 282,869 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Credicorp by 130.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 494,526 shares of the bank’s stock valued at $90,657,000 after buying an additional 280,361 shares in the last quarter. Finally, GQG Partners LLC purchased a new position in shares of Credicorp in the fourth quarter valued at $40,187,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Trading Up 0.4%

Credicorp stock opened at $224.01 on Friday. The stock has a 50-day moving average price of $207.95 and a 200 day moving average price of $192.58. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.49. Credicorp Ltd. has a 52 week low of $153.27 and a 52 week high of $224.28. The stock has a market cap of $17.82 billion, a PE ratio of 12.18, a P/E/G ratio of 0.72 and a beta of 1.04.

Credicorp Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 19th were paid a $10.9577 dividend. This represents a yield of 4.5%. This is a positive change from Credicorp’s previous annual dividend of $2.91. The ex-dividend date of this dividend was Monday, May 19th. Credicorp’s dividend payout ratio (DPR) is presently 59.87%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BAP. UBS Group reiterated a “buy” rating on shares of Credicorp in a research report on Monday, June 2nd. Wall Street Zen cut Credicorp from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Credicorp currently has a consensus rating of “Hold” and an average price target of $211.00.

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.