Comerica Bank lowered its stake in shares of Credicorp Ltd. (NYSE:BAP) by 30.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,626 shares of the bank’s stock after selling 19,276 shares during the period. Comerica Bank owned about 0.06% of Credicorp worth $6,781,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Parametrica Management Ltd acquired a new position in Credicorp during the first quarter valued at $329,000. UBS Asset Management Americas Inc. boosted its position in Credicorp by 27.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 249,703 shares of the bank’s stock valued at $39,419,000 after buying an additional 54,273 shares in the last quarter. GAM Holding AG boosted its position in Credicorp by 35.6% in the third quarter. GAM Holding AG now owns 53,300 shares of the bank’s stock valued at $8,114,000 after buying an additional 14,000 shares in the last quarter. TT International boosted its position in Credicorp by 146.0% in the third quarter. TT International now owns 10,870 shares of the bank’s stock valued at $1,654,000 after buying an additional 6,452 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Credicorp by 18.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,455 shares of the bank’s stock valued at $10,420,000 after buying an additional 10,447 shares in the last quarter. Hedge funds and other institutional investors own 63.91% of the company’s stock.
Shares of Credicorp Ltd. (NYSE:BAP) traded up 1.27% during mid-day trading on Friday, reaching $172.52. The company had a trading volume of 412,385 shares. Credicorp Ltd. has a one year low of $137.51 and a one year high of $173.79. The firm has a 50 day moving average of $159.64 and a 200-day moving average of $160.37. The stock’s market capitalization is $13.71 billion.
The company also recently announced an annual dividend, which was paid on Friday, May 12th. Stockholders of record on Tuesday, April 18th were paid a dividend of $3.7637 per share. This is a positive change from Credicorp’s previous annual dividend of $2.32. This represents a dividend yield of 2.27%. The ex-dividend date was Thursday, April 13th. Credicorp’s dividend payout ratio is presently 17.79%.
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A number of research analysts have recently commented on BAP shares. Credit Suisse Group AG reaffirmed a “buy” rating and set a $196.00 price target on shares of Credicorp in a research report on Wednesday, February 8th. Zacks Investment Research raised Credicorp from a “hold” rating to a “buy” rating and set a $174.00 price target on the stock in a research report on Tuesday, April 18th.
Credicorp Ltd. is a financial services holding company in Peru. The Company has four operating segments based on its products and services, which include banking, insurance, pension funds and investment banking. Its operating subsidiaries include Banco de Credito del Peru; Atlantic Security Bank, which it holds through Atlantic Security Holding Corporation; El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP SA, and Credicorp Capital Ltd.
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