Natixis Advisors LLC Sells 270 Shares of Credicorp Ltd. (NYSE:BAP)

Natixis Advisors LLC lessened its stake in shares of Credicorp Ltd. (NYSE:BAP) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,052 shares of the bank’s stock after selling 270 shares during the period. Natixis Advisors LLC’s holdings in Credicorp were worth $2,543,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BAP. The Goldman Sachs Group upped their price objective on shares of 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. raised their price objective on Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th.

Credicorp Stock Down 0.7 %

BAP opened at $197.32 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.07 and a quick ratio of 1.07. Credicorp Ltd. has a fifty-two week low of $122.72 and a fifty-two week high of $200.00. The company’s 50 day moving average price is $184.99 and its two-hundred day moving average price is $173.20.

Credicorp Cuts Dividend

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

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.