Credicorp (NYSE:BAP) Shares Gap Down to $136.51

Credicorp Ltd. (NYSE:BAP – Get Rating)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $136.51, but opened at $129.49. Credicorp shares last traded at $128.38, with a volume of 10,765 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on BAP. StockNews.com began coverage on shares of Credicorp in a research report on Thursday. They issued a “hold” rating for the company. TheStreet upgraded shares of Credicorp from a “c+” rating to a “b-” rating in a research report on Wednesday, May 10th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $153.00.

Credicorp Trading Up 3.0 %

The company’s 50 day moving average price is $132.39 and its 200 day moving average price is $137.83. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 0.43 and a beta of 0.93. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.10 and a current ratio of 1.10.

Credicorp Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be paid a dividend of $6.7385 per share. This is a positive change from Credicorp’s previous annual dividend of $3.94. The ex-dividend date of this dividend is Thursday, May 18th. This represents a dividend yield of 2.7%. Credicorp’s dividend payout ratio is 26.16%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Pathstone Family Office LLC increased its position in shares of Credicorp by 2.8% during the 3rd quarter. Pathstone Family Office LLC now owns 2,682 shares of the bank’s stock worth $329,000 after purchasing an additional 72 shares in the last quarter. US Bancorp DE increased its position in shares of Credicorp by 10.3% during the 1st quarter. US Bancorp DE now owns 919 shares of the bank’s stock worth $122,000 after purchasing an additional 86 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Credicorp by 1.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 7,090 shares of the bank’s stock worth $939,000 after purchasing an additional 90 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Credicorp by 6.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,697 shares of the bank’s stock worth $225,000 after purchasing an additional 96 shares in the last quarter. Finally, Park Place Capital Corp increased its position in shares of Credicorp by 5.2% during the 1st quarter. Park Place Capital Corp now owns 2,052 shares of the bank’s stock worth $272,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

About Credicorp

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Credicorp Ltd. operates as a holding company, which engages in the provision of financial services. It operates through the following segments: Universal Banking; Microfinance; Insurance and Pensions; and Investment Banking and Wealth Management. The Universal Banking segment focuses on lending and investment services.