Los Angeles Capital Management LLC Has $14.01 Million Stake in Credicorp Ltd. (NYSE:BAP)

Los Angeles Capital Management LLC raised its holdings in Credicorp Ltd. (NYSE:BAP) by 323.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,701 shares of the bank’s stock after acquiring an additional 63,165 shares during the period. Los Angeles Capital Management LLC owned about 0.10% of Credicorp worth $14,012,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its stake in Credicorp by 69.2% in the fourth quarter. CWM LLC now owns 225 shares of the bank’s stock valued at $34,000 after acquiring an additional 92 shares during the period. Parallel Advisors LLC grew its stake in Credicorp by 25.2% in the fourth quarter. Parallel Advisors LLC now owns 671 shares of the bank’s stock valued at $101,000 after acquiring an additional 135 shares during the period. Tower Research Capital LLC TRC grew its stake in Credicorp by 147.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 741 shares of the bank’s stock valued at $111,000 after acquiring an additional 442 shares during the period. Signaturefd LLC lifted its holdings in shares of Credicorp by 24.3% in the fourth quarter. Signaturefd LLC now owns 746 shares of the bank’s stock valued at $112,000 after purchasing an additional 146 shares in the last quarter. Finally, Janiczek Wealth Management LLC lifted its holdings in shares of Credicorp by 25.2% in the fourth quarter. Janiczek Wealth Management LLC now owns 974 shares of the bank’s stock valued at $146,000 after purchasing an additional 196 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price target on Credicorp from $190.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Credicorp has an average rating of “Moderate Buy” and an average target price of $181.73.

Credicorp Stock Performance

Shares of Credicorp stock opened at $156.91 on Thursday. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 0.50 and a beta of 1.17. The stock’s 50-day moving average is $165.10 and its 200-day moving average is $160.07. Credicorp Ltd. has a one year low of $116.42 and a one year high of $180.21. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.09 and a quick ratio of 1.09.

Credicorp (NYSE:BAP) last issued its quarterly earnings results on Thursday, May 9th. The bank reported $5.06 EPS for the quarter, beating analysts’ consensus estimates of $4.25 by $0.81. Credicorp had a return on equity of 15.33% and a net margin of 19.95%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.36 billion. Equities analysts predict that Credicorp Ltd. will post 18.64 earnings per share for the current fiscal year.

Credicorp Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 20th were issued a dividend of $9.4084 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend was Friday, May 17th. This is a positive change from Credicorp’s previous annual dividend of $6.74. Credicorp’s dividend payout ratio is presently 207.72%.

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.