Brown Brothers Harriman & Co. Takes $58,000 Position in Credicorp Ltd. (NYSE:BAP)

Brown Brothers Harriman & Co. acquired a new stake in Credicorp Ltd. (NYSE:BAP) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 318 shares of the bank’s stock, valued at approximately $58,000.

A number of other large investors have also added to or reduced their stakes in BAP. Headlands Technologies LLC acquired a new position in Credicorp in the 2nd quarter valued at approximately $84,000. Atlas Capital Advisors LLC increased its holdings in Credicorp by 14.9% in the second 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 period. Sanctuary Advisors LLC acquired a new stake in Credicorp in the second quarter valued at $210,000. Dynamic Advisor Solutions LLC bought a new position in Credicorp during the 3rd quarter worth $216,000. Finally, Tidal Investments LLC acquired a new position in Credicorp during the 1st quarter worth about $223,000. Institutional investors own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

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

Credicorp Stock Performance

Shares of Credicorp stock opened at $191.29 on Friday. The business has a 50-day moving average price of $186.14 and a two-hundred day moving average price of $173.69. Credicorp Ltd. has a 1-year low of $122.72 and a 1-year 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 company has a market cap of $15.21 billion, a P/E ratio of 10.97, a PEG ratio of 0.65 and a beta of 1.14.

Credicorp Cuts Dividend

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

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.