UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 1,176,612 Shares of Credicorp Ltd. (NYSE:BAP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Credicorp Ltd. (NYSE:BAP) by 782.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,326,947 shares of the bank’s stock after acquiring an additional 1,176,612 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.67% of Credicorp worth $240,138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. M&G Plc increased its holdings in Credicorp by 39.2% during the 2nd quarter. M&G Plc now owns 33,329 shares of the bank’s stock valued at $5,366,000 after purchasing an additional 9,383 shares during the period. Ritholtz Wealth Management increased its stake in shares of Credicorp by 95.4% during the third quarter. Ritholtz Wealth Management now owns 6,977 shares of the bank’s stock valued at $1,263,000 after buying an additional 3,406 shares during the period. Vanguard Group Inc. raised its holdings in shares of Credicorp by 1.4% during the first quarter. Vanguard Group Inc. now owns 753,205 shares of the bank’s stock valued at $127,616,000 after acquiring an additional 10,527 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in Credicorp in the third quarter worth $1,737,000. Finally, MBB Public Markets I LLC bought a new stake in Credicorp in the second quarter valued at $770,000. 89.81% of the stock is owned by institutional investors.

Credicorp Stock Performance

Shares of BAP stock opened at $185.47 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.07 and a current ratio of 1.07. The company’s fifty day moving average price is $186.26 and its 200-day moving average price is $173.79. Credicorp Ltd. has a 12 month low of $122.72 and a 12 month high of $200.00.

Credicorp Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of 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 objective 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 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.