Sumitomo Mitsui Trust Group Inc. Grows Holdings in Credicorp Ltd. (NYSE:BAP)

Sumitomo Mitsui Trust Group Inc. boosted its position in Credicorp Ltd. (NYSE:BAP) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,177 shares of the bank’s stock after buying an additional 5,842 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Credicorp were worth $34,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAP. Headlands Technologies LLC purchased a new position in Credicorp in the second quarter valued at about $84,000. Atlas Capital Advisors LLC grew its position in shares of Credicorp by 14.9% during the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after buying an additional 89 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Credicorp during the second quarter worth approximately $210,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Credicorp in the third quarter worth $216,000. Finally, Tidal Investments LLC acquired a new stake in Credicorp in the first quarter valued at $223,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. 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 research report on Tuesday, November 12th. The Goldman Sachs Group boosted their price objective on Credicorp from $143.00 to $160.00 and gave the company a “sell” rating in a report on Tuesday, October 8th.

Credicorp Stock Performance

Credicorp stock opened at $192.34 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.54. Credicorp Ltd. has a 12 month low of $122.72 and a 12 month high of $193.25. The company has a fifty day moving average price of $182.87 and a two-hundred day moving average price of $172.22.

Credicorp Cuts Dividend

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

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.