World Investment Advisors LLC Buys New Holdings in Credicorp Ltd. (NYSE:BAP)

World Investment Advisors LLC bought a new position in Credicorp Ltd. (NYSE:BAP) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 18,097 shares of the bank’s stock, valued at approximately $3,275,000.

A number of other institutional investors have also recently bought and sold shares of the business. Sanctuary Advisors LLC raised its stake in shares of Credicorp by 16.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 1,467 shares of the bank’s stock valued at $289,000 after buying an additional 212 shares in the last quarter. TT International Asset Management LTD acquired a new stake in shares of Credicorp during the 3rd quarter valued at about $25,081,000. Barclays PLC increased its stake in Credicorp by 3.3% in the third quarter. Barclays PLC now owns 218,733 shares of the bank’s stock valued at $39,584,000 after acquiring an additional 6,988 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Credicorp in the third quarter worth about $42,794,000. Finally, Orion Portfolio Solutions LLC lifted its stake in Credicorp by 23.5% during the third quarter. Orion Portfolio Solutions LLC now owns 8,106 shares of the bank’s stock worth $1,467,000 after purchasing an additional 1,542 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

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

Credicorp Trading Down 1.6 %

Shares of Credicorp stock opened at $189.64 on Friday. Credicorp Ltd. has a 12-month low of $132.19 and a 12-month high of $200.00. The company has a 50-day simple moving average of $188.50 and a 200 day simple moving average of $175.53. 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 Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, September 23rd were issued a dividend of $2.9084 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, September 23rd. Credicorp’s payout ratio is 53.30%.

Credicorp 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.