Credicorp Ltd. (NYSE:BAP) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 0.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 207,863 shares of the bank’s stock after selling 269 shares during the period. The Manufacturers Life Insurance Company’s holdings in Credicorp were worth $37,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Sagil Capital LLP purchased a new stake in Credicorp in the 3rd quarter worth approximately $6,352,000. Mirabella Financial Services LLP lifted its stake in shares of Credicorp by 272.7% in the 3rd quarter. Mirabella Financial Services LLP now owns 15,080 shares of the bank’s stock valued at $2,729,000 after purchasing an additional 11,034 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in Credicorp during the third quarter worth $58,000. Fisher Asset Management LLC grew its position in Credicorp by 307.8% during the third quarter. Fisher Asset Management LLC now owns 49,973 shares of the bank’s stock valued at $9,044,000 after buying an additional 37,718 shares during the period. Finally, Cerity Partners LLC increased its holdings in Credicorp by 3.8% in the third quarter. Cerity Partners LLC now owns 3,068 shares of the bank’s stock valued at $555,000 after buying an additional 111 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Credicorp Stock Down 3.0 %

NYSE:BAP opened at $185.47 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. Credicorp Ltd. has a fifty-two week low of $122.72 and a fifty-two week high of $200.00. The company has a fifty day moving average of $186.26 and a two-hundred day moving average of $173.79.

Credicorp Cuts Dividend

The business 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. The ex-dividend date was Monday, September 23rd. This represents a dividend yield of 3.8%. Credicorp’s dividend payout ratio (DPR) is presently 53.30%.

Wall Street Analyst Weigh In

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

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.