Bamco Inc. NY Grows Stock Position in Credicorp Ltd. (NYSE:BAP)

Bamco Inc. NY grew its position in shares of Credicorp Ltd. (NYSE:BAP) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 392,956 shares of the bank’s stock after buying an additional 10,045 shares during the period. Bamco Inc. NY owned 0.49% of Credicorp worth $71,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BAP. Brown Brothers Harriman & Co. purchased a new stake in Credicorp during the third quarter valued at about $58,000. Headlands Technologies LLC bought a new stake in shares of Credicorp in the second quarter valued at approximately $84,000. Atlas Capital Advisors LLC lifted its stake in shares of Credicorp by 14.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock valued at $111,000 after buying an additional 89 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Credicorp in the 2nd quarter worth approximately $210,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in Credicorp in the 3rd quarter valued at approximately $216,000. Institutional investors own 89.81% of the company’s stock.

Credicorp Stock Performance

Credicorp stock opened at $185.47 on Monday. The firm’s 50 day simple moving average is $186.26 and its 200 day simple moving average is $173.82. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.66. Credicorp Ltd. has a 1-year low of $122.72 and a 1-year high of $200.00.

Credicorp Cuts Dividend

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

Analyst Ratings Changes

BAP has been the topic of several recent research reports. The Goldman Sachs Group increased their target price on Credicorp from $143.00 to $160.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price objective on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th.

Credicorp 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.