UBS Group Issues Positive Forecast for Credicorp (NYSE:BAP) Stock Price

Credicorp (NYSE:BAP) had its target price increased by UBS Group from $221.00 to $257.00 in a report published on Monday,Benzinga reports. UBS Group currently has a buy rating on the bank’s stock.

Separately, Wall Street Zen downgraded shares of Credicorp from a “buy” rating to a “hold” rating in a research report on Sunday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Credicorp has a consensus rating of “Hold” and a consensus target price of $211.00.

Credicorp Price Performance

Shares of NYSE:BAP opened at $214.38 on Monday. The company’s fifty day moving average price is $194.47 and its 200 day moving average price is $189.20. Credicorp has a 12 month low of $153.27 and a 12 month high of $215.67. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.02 and a quick ratio of 1.07. The firm has a market capitalization of $17.05 billion, a P/E ratio of 11.66, a P/E/G ratio of 0.56 and a beta of 1.00.

Credicorp Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 19th will be paid a $10.9577 dividend. The ex-dividend date of this dividend is Monday, May 19th. This is a positive change from Credicorp’s previous annual dividend of $2.91. This represents a yield of 4.5%. Credicorp’s payout ratio is currently 58.95%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BAP. Ninety One North America Inc. increased its stake in Credicorp by 0.8% in the fourth quarter. Ninety One North America Inc. now owns 218,943 shares of the bank’s stock valued at $40,137,000 after purchasing an additional 1,658 shares during the period. Ninety One UK Ltd increased its stake in Credicorp by 4.7% in the fourth quarter. Ninety One UK Ltd now owns 1,089,334 shares of the bank’s stock valued at $199,697,000 after purchasing an additional 49,031 shares during the period. ARGA Investment Management LP boosted its holdings in shares of Credicorp by 0.9% in the fourth quarter. ARGA Investment Management LP now owns 794,587 shares of the bank’s stock valued at $145,664,000 after acquiring an additional 6,864 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Credicorp by 4.0% in the fourth quarter. Yousif Capital Management LLC now owns 3,489 shares of the bank’s stock valued at $640,000 after acquiring an additional 135 shares in the last quarter. Finally, Deltec Asset Management LLC boosted its holdings in shares of Credicorp by 64.3% in the fourth quarter. Deltec Asset Management LLC now owns 2,300 shares of the bank’s stock valued at $422,000 after acquiring an additional 900 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

About Credicorp

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.