Public Sector Pension Investment Board Sells 800 Shares of Credicorp Ltd. (NYSE:BAP)

Public Sector Pension Investment Board lowered its position in shares of Credicorp Ltd. (NYSE:BAP) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,083 shares of the bank’s stock after selling 800 shares during the quarter. Public Sector Pension Investment Board owned 0.24% of Credicorp worth $34,218,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BAP. Brown Brothers Harriman & Co. purchased a new position in shares of Credicorp during the 3rd quarter valued at $58,000. Headlands Technologies LLC bought a new stake in Credicorp during the second quarter valued at about $84,000. Atlas Capital Advisors LLC lifted its position in shares of 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 acquiring an additional 89 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Credicorp in the second quarter worth about $210,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in shares of Credicorp during the third quarter worth about $216,000. 89.81% of the stock is currently owned by institutional investors.

Credicorp Trading Down 0.7 %

Shares of BAP stock opened at $191.29 on Thursday. 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 stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.65 and a beta of 1.14. Credicorp Ltd. has a 12-month low of $122.72 and a 12-month high of $200.00. The stock’s 50-day moving average price is $185.91 and its 200-day moving average price is $173.57.

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 paid a $2.9084 dividend. This represents a yield of 3.8%. The ex-dividend date of this dividend was Monday, September 23rd. Credicorp’s payout ratio is 53.24%.

Analyst Upgrades and Downgrades

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

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.