UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Credicorp Ltd. (NYSE:BAP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Credicorp Ltd. (NYSE:BAP) by 782.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,326,947 shares of the bank’s stock after purchasing an additional 1,176,612 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Credicorp were worth $240,138,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BAP. Brown Brothers Harriman & Co. bought a new position in shares of Credicorp in the third quarter worth approximately $58,000. Headlands Technologies LLC purchased a new stake in Credicorp during the 2nd quarter valued at $84,000. Atlas Capital Advisors LLC boosted its stake in 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 stake in shares of Credicorp in the 2nd quarter worth $210,000. Finally, Dynamic Advisor Solutions LLC bought a new position in shares of Credicorp during the third quarter valued at $216,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BAP has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. The Goldman Sachs Group boosted their price objective on shares of Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, October 8th.

Credicorp Price Performance

Credicorp stock opened at $185.47 on Friday. The business has a 50-day simple moving average of $186.26 and a two-hundred day simple moving average of $173.79. Credicorp Ltd. has a 52-week low of $122.72 and a 52-week high of $200.00. 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 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 dividend of $2.9084 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a yield of 3.8%. Credicorp’s dividend payout ratio 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.