Credicorp Ltd. (NYSE:BAP) Position Increased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its holdings in Credicorp Ltd. (NYSE:BAP) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,189 shares of the bank’s stock after buying an additional 140 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Credicorp were worth $577,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Assetmark Inc. grew its holdings in shares of Credicorp by 4.2% in the 3rd quarter. Assetmark Inc. now owns 6,481 shares of the bank’s stock worth $1,173,000 after acquiring an additional 263 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Credicorp in the 3rd 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 purchasing an additional 25,742 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Credicorp by 7.5% during 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. Finally, Van ECK Associates Corp lifted its stake in Credicorp by 17.6% during the third quarter. Van ECK Associates Corp now owns 126,943 shares of the bank’s stock valued at $23,944,000 after buying an additional 18,982 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

NYSE:BAP opened at $192.31 on Friday. Credicorp Ltd. has a fifty-two week low of $122.72 and a fifty-two week high of $193.25. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.54. The stock’s 50-day moving average is $182.44 and its two-hundred day moving average is $172.05.

Credicorp Cuts Dividend

The business also recently disclosed 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 payout ratio is presently 53.30%.

Analyst Ratings Changes

BAP has been the topic of several 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 research report on Tuesday. The Goldman Sachs Group lifted 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.