Credicorp Ltd. (NYSE:BAP) Position Lessened by Atria Investments Inc

Atria Investments Inc lessened its holdings in shares of Credicorp Ltd. (NYSE:BAP) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,603 shares of the bank’s stock after selling 58 shares during the quarter. Atria Investments Inc’s holdings in Credicorp were worth $471,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Simplicity Wealth LLC raised its holdings in Credicorp by 2.5% during the second quarter. Simplicity Wealth LLC now owns 2,842 shares of the bank’s stock valued at $458,000 after buying an additional 70 shares in the last quarter. Atlas Capital Advisors LLC grew its stake in shares of Credicorp by 14.9% in the second quarter. Atlas Capital Advisors LLC now owns 687 shares of the bank’s stock worth $111,000 after acquiring an additional 89 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Credicorp by 4.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,049 shares of the bank’s stock valued at $492,000 after purchasing an additional 126 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Credicorp by 0.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 21,871 shares of the bank’s stock valued at $3,446,000 after buying an additional 179 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Credicorp by 7.3% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,745 shares of the bank’s stock worth $443,000 after acquiring an additional 186 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Credicorp Stock Performance

Shares of Credicorp stock opened at $192.80 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66. Credicorp Ltd. has a 52 week low of $122.72 and a 52 week high of $196.00. The firm has a fifty day moving average of $184.08 and a two-hundred day moving average of $172.83.

Credicorp Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. The Goldman Sachs Group raised 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 shares of Credicorp from $200.00 to $219.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th.

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.