Intech Investment Management LLC Has $806,000 Stock Holdings in Credicorp Ltd. (NYSE:BAP)

Intech Investment Management LLC lessened its holdings in Credicorp Ltd. (NYSE:BAP – Get Rating) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,944 shares of the bank’s stock after selling 90 shares during the quarter. Intech Investment Management LLC’s holdings in Credicorp were worth $806,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Pathstone Family Office LLC boosted its holdings in shares of Credicorp by 2.8% in the 3rd quarter. Pathstone Family Office LLC now owns 2,682 shares of the bank’s stock valued at $329,000 after purchasing an additional 72 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Credicorp by 3.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 3,280 shares of the bank’s stock valued at $445,000 after purchasing an additional 116 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Credicorp by 0.5% in the 3rd quarter. Bank of Montreal Can now owns 29,156 shares of the bank’s stock valued at $3,749,000 after purchasing an additional 137 shares in the last quarter. PenderFund Capital Management Ltd. boosted its holdings in shares of Credicorp by 107.1% in the 3rd quarter. PenderFund Capital Management Ltd. now owns 290 shares of the bank’s stock valued at $49,000 after purchasing an additional 150 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Credicorp by 20.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,040 shares of the bank’s stock valued at $179,000 after acquiring an additional 173 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BAP. TheStreet raised Credicorp from a “c+” rating to a “b-” rating in a report on Wednesday, May 10th. StockNews.com began coverage on Credicorp in a report on Thursday. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.00.

Credicorp Stock Up 3.0 %

Shares of NYSE:BAP opened at $132.75 on Friday. The firm has a market cap of $10.56 billion, a P/E ratio of 8.70, a P/E/G ratio of 0.41 and a beta of 0.93. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.78. Credicorp Ltd. has a 12-month low of $113.21 and a 12-month high of $158.95. The business has a fifty day simple moving average of $132.39 and a 200 day simple moving average of $137.73.

Credicorp Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 19th will be given a dividend of $6.7385 per share. This is a positive change from Credicorp’s previous annual dividend of $3.94. This represents a yield of 2.7%. The ex-dividend date is Thursday, May 18th. Credicorp’s dividend payout ratio (DPR) is currently 44.00%.

Credicorp Profile

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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.