Dimensional Fund Advisors LP decreased its position in Credicorp Ltd. (NYSE:BAP) by 0.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 325,458 shares of the bank’s stock after selling 708 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Credicorp were worth $72,166,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Comerica Bank lifted its holdings in Credicorp by 1.1% in the 4th quarter. Comerica Bank now owns 4,791 shares of the bank’s stock worth $1,148,000 after purchasing an additional 51 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in Credicorp by 0.4% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,016 shares of the bank’s stock worth $3,328,000 after purchasing an additional 63 shares during the last quarter. Jennison Associates LLC lifted its holdings in Credicorp by 1.9% in the 4th quarter. Jennison Associates LLC now owns 3,790 shares of the bank’s stock worth $840,000 after purchasing an additional 72 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Credicorp by 31.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 358 shares of the bank’s stock worth $80,000 after purchasing an additional 85 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Credicorp by 0.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 31,600 shares of the bank’s stock worth $7,005,000 after purchasing an additional 100 shares during the last quarter. 67.36% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on BAP shares. Bank of America lowered Credicorp from a “neutral” rating to an “underperform” rating in a report on Monday, February 11th. Zacks Investment Research upgraded Credicorp from a “sell” rating to a “hold” rating in a report on Thursday, May 9th. TheStreet upgraded Credicorp from a “c+” rating to a “b-” rating in a report on Wednesday, January 23rd. Citigroup lowered Credicorp from a “buy” rating to a “neutral” rating in a report on Tuesday, April 9th. Finally, ValuEngine lowered Credicorp from a “buy” rating to a “hold” rating in a report on Friday, February 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Credicorp currently has a consensus rating of “Hold” and a consensus target price of $254.50.
The firm also recently declared a dividend, which was paid on Friday, May 10th. Stockholders of record on Tuesday, April 16th were issued a dividend of $20.00 per share. The ex-dividend date of this dividend was Monday, April 15th. This is a positive change from Credicorp’s previous dividend of $14.17. Credicorp’s payout ratio is 40.73%.
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Credicorp Ltd., a financial services holding company, 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 Wealth Management segments. The company offers deposits and current accounts, and various credits and financial instruments to individuals and legal entities.
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