Fisher Asset Management LLC Has $9.04 Million Stake in Credicorp Ltd. (NYSE:BAP)

Fisher Asset Management LLC increased its stake in shares of Credicorp Ltd. (NYSE:BAP) by 307.8% during the third quarter, HoldingsChannel.com reports. The fund owned 49,973 shares of the bank’s stock after purchasing an additional 37,718 shares during the period. Fisher Asset Management LLC’s holdings in Credicorp were worth $9,044,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Simplicity Wealth LLC increased its holdings in shares of Credicorp by 2.5% during the 2nd quarter. Simplicity Wealth LLC now owns 2,842 shares of the bank’s stock valued at $458,000 after acquiring an additional 70 shares during the last quarter. Atlas Capital Advisors LLC grew its holdings in Credicorp by 14.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after buying an additional 89 shares during the last quarter. Cerity Partners LLC grew its holdings in Credicorp by 3.8% in the 3rd quarter. Cerity Partners LLC now owns 3,068 shares of the bank’s stock valued at $555,000 after buying an additional 111 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Credicorp by 4.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank’s stock valued at $492,000 after buying an additional 126 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Credicorp by 0.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 21,871 shares of the bank’s stock valued at $3,446,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Credicorp Price Performance

Shares of BAP stock opened at $191.29 on Friday. The stock has a 50 day moving average of $186.14 and a two-hundred day moving average of $173.69. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. Credicorp Ltd. has a 12 month low of $122.72 and a 12 month high of $200.00. The company has a market capitalization of $15.21 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.65 and a beta of 1.14.

Credicorp Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, September 23rd were given a $2.9084 dividend. The ex-dividend date was Monday, September 23rd. This represents a dividend yield of 3.8%. Credicorp’s dividend payout ratio is currently 53.24%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BAP shares. JPMorgan Chase & Co. raised their target price on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. The Goldman Sachs Group raised their target price on Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a 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.