Cape Ann Asset Management Ltd Reduces Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Cape Ann Asset Management Ltd cut its position in Credicorp Ltd. (NYSE:BAP) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,878 shares of the bank’s stock after selling 1,100 shares during the quarter. Credicorp comprises approximately 26.5% of Cape Ann Asset Management Ltd’s holdings, making the stock its biggest position. Cape Ann Asset Management Ltd’s holdings in Credicorp were worth $38,706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Simplicity Wealth LLC raised its stake in Credicorp by 2.5% in the second quarter. Simplicity Wealth LLC now owns 2,842 shares of the bank’s stock valued at $458,000 after buying an additional 70 shares during the period. Atlas Capital Advisors LLC lifted its holdings in Credicorp by 14.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after purchasing an additional 89 shares during the last quarter. Cerity Partners LLC boosted its position in Credicorp by 3.8% during the third quarter. Cerity Partners LLC now owns 3,068 shares of the bank’s stock worth $555,000 after purchasing an additional 111 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Credicorp by 4.3% in the second quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank’s stock valued at $492,000 after purchasing an additional 126 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Credicorp by 0.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 21,871 shares of the bank’s stock valued at $3,446,000 after purchasing an additional 179 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Stock Performance

BAP stock opened at $197.32 on Friday. Credicorp Ltd. has a fifty-two week low of $122.72 and a fifty-two week high of $200.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average price is $184.99 and its two-hundred day moving average price is $173.23.

Credicorp Cuts Dividend

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

Analyst Upgrades and Downgrades

BAP has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. The Goldman Sachs Group raised their price objective on shares of Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th.

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.