Baillie Gifford & Co. Purchases 41,409 Shares of Credicorp Ltd. (NYSE:BAP)

Baillie Gifford & Co. increased its position in shares of Credicorp Ltd. (NYSE:BAP) by 2.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,674,261 shares of the bank’s stock after buying an additional 41,409 shares during the period. Baillie Gifford & Co.’s holdings in Credicorp were worth $302,991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GSA Capital Partners LLP grew its stake in Credicorp by 28.0% during the third quarter. GSA Capital Partners LLP now owns 9,835 shares of the bank’s stock worth $1,780,000 after purchasing an additional 2,150 shares during the period. INCA Investments LLC boosted its stake in Credicorp by 5.5% during the third quarter. INCA Investments LLC now owns 262,846 shares of the bank’s stock worth $47,567,000 after acquiring an additional 13,781 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Credicorp by 4.6% in the third quarter. Crossmark Global Holdings Inc. now owns 3,189 shares of the bank’s stock worth $577,000 after purchasing an additional 140 shares during the period. Assetmark Inc. raised its holdings in shares of Credicorp by 4.2% during the third quarter. Assetmark Inc. now owns 6,481 shares of the bank’s stock valued at $1,173,000 after purchasing an additional 263 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in shares of Credicorp during the 3rd quarter worth about $1,737,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group boosted their target price on Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th.

Credicorp Price Performance

NYSE:BAP opened at $185.50 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.02 and a quick ratio of 1.02. Credicorp Ltd. has a one year low of $116.42 and a one year high of $193.25. The firm has a 50-day moving average of $181.49 and a 200-day moving average of $171.68.

Credicorp Cuts Dividend

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

About Credicorp

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.