Credicorp Ltd. (NYSE:BAP) is INCA Investments LLC’s 2nd Largest Position

INCA Investments LLC boosted its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 5.5% during the third quarter, Holdings Channel.com reports. The firm owned 262,846 shares of the bank’s stock after acquiring an additional 13,781 shares during the period. Credicorp accounts for about 20.3% of INCA Investments LLC’s portfolio, making the stock its 2nd largest position. INCA Investments LLC’s holdings in Credicorp were worth $47,567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Crossmark Global Holdings Inc. raised its stake in shares of Credicorp by 4.6% in the third quarter. Crossmark Global Holdings Inc. now owns 3,189 shares of the bank’s stock valued at $577,000 after acquiring an additional 140 shares during the period. Assetmark Inc. raised its stake in shares of Credicorp by 4.2% in the third quarter. Assetmark Inc. now owns 6,481 shares of the bank’s stock valued at $1,173,000 after acquiring an additional 263 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of Credicorp in the third quarter valued at $1,737,000. Principal Financial Group Inc. increased its stake in Credicorp by 8.0% in the 3rd quarter. Principal Financial Group Inc. now owns 347,083 shares of the bank’s stock worth $62,812,000 after buying an additional 25,742 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in Credicorp by 7.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 134,707 shares of the bank’s stock worth $24,378,000 after buying an additional 9,431 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of Credicorp stock opened at $185.50 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.54. Credicorp Ltd. has a 1 year low of $116.42 and a 1 year high of $193.25. The firm’s 50-day moving average is $181.35 and its two-hundred day moving average is $171.56.

Credicorp Cuts Dividend

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised their price target on shares of Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th.

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.