Bamco Inc. NY Grows Holdings in Credicorp Ltd. (NYSE:BAP)

Bamco Inc. NY grew its stake in shares of Credicorp Ltd. (NYSE:BAP) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 392,956 shares of the bank’s stock after buying an additional 10,045 shares during the quarter. Bamco Inc. NY’s holdings in Credicorp were worth $71,113,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. bought a new position in Credicorp in the third quarter valued at $58,000. Headlands Technologies LLC purchased a new position in shares of Credicorp in the 2nd quarter worth about $84,000. Atlas Capital Advisors LLC increased its position in shares of 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. Sanctuary Advisors LLC bought a new position in shares of Credicorp during the 2nd quarter valued at about $210,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of Credicorp during the 3rd quarter valued at about $216,000. 89.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on BAP. The Goldman Sachs Group upped their target price on Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th.

Credicorp Trading Down 3.0 %

BAP opened at $185.47 on Monday. Credicorp Ltd. has a 12 month low of $122.72 and a 12 month 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 50-day moving average price is $186.26 and its 200-day moving average price is $173.82.

Credicorp Cuts Dividend

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

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.